Bitcoin Holds $82,000 as Equities Rebound Ahead of Key Tech Earnings

$BTC held near $82,000 to open the third week of October as equities in Asia rebounded alongside rising US stock futures ¹. The move follows a volatile week for global risk assets that saw South Korea's KOSPI Composite Index fall to a weekly low of 5,455 points before bouncing nearly 1.8% on Monday ¹. Bitcoin traded at $82,156 at the time of writing, following a prior weekly close below local support as the Coinbase Premium Index touched -0.14, its lowest mark since late June ¹.

Equities sentiment began recovering after heavy selling across technology shares tied to concerns over corporate artificial intelligence spending and semiconductor competition ¹. S&P 500 futures rose 0.7% on Monday following a 2% index decline last week ¹. Market focus is pivoting toward corporate quarterly reports, with roughly 15% of S&P 500 companies scheduled to post third-quarter figures this week, including SpaceX on Tuesday alongside Tesla and Meta on Wednesday ¹. Broader crypto markets have recently mirrored macro swings, similar to how Bitcoin trades near $82,500 during shifting international economic prints.

Shifting Federal Reserve Expectations

Macro markets have priced out expectations for two additional interest-rate hikes by the Federal Reserve before the end of 2026 ¹. Data from the CME Group's FedWatch Tool shows an 85% probability that the central bank will keep rates within the current 3.75% to 4.00% target range at its policy meeting on Oct. 28 ¹. Markets assign a 75% chance to a single 25-basis-point increase at the December meeting, alongside a 13% chance of a 50-basis-point move ¹.

The recalibration of interest-rate odds occurred even as the US Producer Price Index rose 1.7% month-on-month for September, representing its fastest pace of expansion since March 2022 due to higher fuel costs ¹. During a recent exchange with International Monetary Fund Managing Director Kristalina Georgieva, Fed Chair Kevin Warsh declined to provide forward guidance, stating he does not prejudge upcoming committee deliberations ¹.