Investing.com– Bitcoin rose on Friday, recovering a small measure of recent losses as a drop in U.S. Treasury yields and oil prices aided risk-driven assets. <\/p>\n
Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month’s list \u00bb<\/a> <\/p>\n But the world’s largest crypto was still headed for a second straight week of losses, as a historical trend of strength in October\u2013 dubbed “uptober”– failed to materialize amid a storm of negative factors. <\/p>\n Bitcoin rose 1.9% to $82,130.1 by 01:48 ET (05:48 GMT). It had briefly dropped below $80,000 in the prior session, before being lifted by some bargain hunting. <\/p>\n Broader crypto prices also advanced on Friday amid some recovery buying, especially after U.S. Treasury yields marked two straight days of deep losses. <\/p>\n Markets largely retained bets that the Federal Reserve will hike interest rates again this year. But yields fell as a dire rout in technology and <\/p>\n Bitcoin headed for second straight week of losses <\/p>\n Bitcoin was trading down about 0.9% this week, its second straight week of losses. <\/p>\n The world’s largest crypto also lost over 2% so far in October, as the uptober trend failed to materialize for a second year running. <\/p>\n Bitcoin was hit by a storm of headwinds this month, including soaring yields and oil prices, as well as renewed capital outflows from its spot exchange-traded funds. <\/p>\n Unsure what to buy ahead of earnings? Our AI’s recent pre-earnings calls delivered gains of +77% to +118% after results dropped. See this month’s earnings picks \u00bb<\/a> <\/p>\n The negative trends spurred some profit-taking after Bitcoin logged stellar gains in the second quarter. <\/p>\n Spot Bitcoin ETFs were also headed for a second week of outflows, SoSoValue data showed, with about $146.2 million in outflows so far this week. <\/p>\n A major selldown in high-flying technology and artificial intelligence stocks also spilled over into crypto markets this week, as the sector was battered by the prospect of higher U.S. interest rates. <\/p>\n Bets on a rate hike were boosted by hot inflation prints for September. Higher rates bode poorly for speculative, risk-heavy sectors like crypto. <\/p>\n Crypto price today: altcoins rise but head for weekly losses <\/p>\n Broader crypto prices recovered tracking Bitcoin, but were also set for losses this week. <\/p>\n World no.2 crypto Ether rose 3.6% to $2,442.72, and was down nearly 2.6% this week. <\/p>\n XRP rose 2.3%, while Solana and Cardano added 3.6% and 4.3%, respectively, on Friday. The three were down between 3.8% and 8% this week. <\/p>\n BNB rose 1.7% on Friday. Among memecoins, Dogecoin and $TRUMP rose 3.4% and 4.3%. <\/p>\n Original Article <\/p>\n Bitcoin recovers to $82k but set for second week in red<\/a> <\/p>\n Bitcoin ticks up slightly above $82k as U.S. bond rally lifts risk sentiment<\/a> <\/p>\n