Bitcoin extends bounce above $82,000 as stocks rebound, DeFi tokens lead altcoin gains
Bitcoin climbed back above $82,700 supported by positive Chinese GDP data and surging Nasdaq futures. Decentralized finance tokens spearheaded broader altcoin market gains during the session.
- BTC
Positive macro data and rebounding equity futures boosted crypto sentiment.
- NNDX
Equity futures rebounded alongside strong global GDP numbers.
Bitcoin advanced 0.8% to trade around the $82,700 threshold as macroeconomic sentiment improved globally. Better-than-expected GDP figures out of China provided a constructive backdrop for risk-on assets at the start of the week. Simultaneously, Nasdaq stock index futures rebounded strongly, pulling correlated technology and crypto sectors higher. The broader digital asset market participated in the rally, with the CoinDesk 80 index rising by 1.3%. Within the altcoin space, decentralized finance protocols outperformed other sectors, capturing outsized trading volume and capital inflows. Market participants view this recovery as a sign of resilient underlying demand despite recent macroeconomic uncertainties.
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