Bitcoin News: BTC Gains 1.5% Toward $84,000 as Zcash Leads a Broad Bounce

• Bitcoin rose 1.5% to just under $83,900 as of Wednesday Asian morning hours.

• Zcash (ZEC) led the majors with a gain of nearly 7%, to about $1,270.

• SOL and DOGE gained 2.5% each, and ether rose 2% to about $2,520.

• Samsung Electronics and SK Hynix rallied, snapping a five-day losing streak.

• Brent crude rose 0.7% to about $106 a barrel.

• The moves come ahead of Thursday’s U.S. inflation report.

Bitcoin rose 1.5% to just under $83,900 as of Wednesday Asian morning hours. Comments from New York Fed President John Williams weakened the dollar and lifted stocks across Asia.

This Bitcoin news comes ahead of Thursday’s U.S. inflation report.

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Bitcoin News: Market Data

Key moves, according to CoinDesk data:

• Bitcoin (BTC): +1.5%, to just under $83,900

• Zcash (ZEC): nearly +7%, to about $1,270

• Solana (SOL): +2.5%

• Dogecoin (DOGE): +2.5%

• Ether (ETH): +2%, to about $2,520

• XRP, BNB and HYPE: +1% to +2%

• TRX: gain of less than 1%

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Main News: A Broad Bounce Across Major Tokens

ZEC led the majors, jumping nearly 7% to about $1,270. SOL and DOGE each gained 2.5%, and ether rose 2% to about $2,520.

XRP, BNB and HYPE added between 1% and 2%. TRX lagged with a gain of less than 1%.

Stocks: Asian Chipmakers Rebound

Chipmakers recovered in Asia. Samsung Electronics and SK Hynix both rallied. That snapped the five-day losing streak that had wiped out leveraged bets on chip stocks at crypto exchanges earlier this week.

• MSCI Asia Pacific equities index: +0.7%, rebounding from two days of losses that had pushed it to its lowest close since August

• S&P 500 futures: +0.2%, with the index near last week’s record

• ASML: reports earnings on Wednesday

• Taiwan Semiconductor Manufacturing: reports on Thursday

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Oil: Brent Near $106

Brent crude rose 0.7% to about $106 a barrel. A flare-up in Middle East attacks raised doubts over a recovery in energy shipments from the Persian Gulf.

U.S. crude rose for a fifth straight day.

Summary: Bitcoin News Today

Bitcoin rose 1.5% to just under $83,900 on Wednesday morning in Asia, with Zcash leading a broad bounce among major tokens.

• Bitcoin: +1.5%, just under $83,900

• Zcash: nearly +7%, to about $1,270

• Ether: +2%, to about $2,520

• Stocks: Samsung and SK Hynix rallied, and MSCI Asia Pacific rose 0.7%

• Oil: Brent up 0.7% to about $106

• Next: Thursday’s U.S. inflation report

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