Investing.com– Bitcoin rose on Wednesday, extending a mild rebound from the prior session as strong overnight corporate earnings in the U.S. helped stimulate some risk appetite. <\/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 a rebound in oil prices\u2013 which remained near 5-month highs\u2013 and continued uncertainty over the long-term artificial intelligence trade kept gains in Bitcoin and crypto markets limited. <\/p>\n Bitcoin rose 2.5% to $83,490.2 by 02:29 ET (06:29 GMT). <\/p>\n Bitcoin sits in tight range amid storm of negative factors <\/p>\n The world’s largest crypto has remained in a tight trading range\u2013 of between $80,000 to $87,000\u2013 over the past month, as a host of global economic uncertainties dulled appetite for crypto. <\/p>\n Chief among these was growing uncertainty over rising interest rates, which sent Treasury yields soaring through October. Rising yields dull appetite for speculative, risk-heavy currencies like crypto. <\/p>\n Bitcoin had also briefly fallen $80,000 amid pressure from yields. <\/p>\n Rising oil prices, due to geopolitical ructions in the Middle East and between Russia and Ukraine, also dented appetite for risk-heavy assets. <\/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 factors left Bitcoin trading down about 1% so far in October after strong gains in the past three months. <\/p>\n At its current pace, Bitcoin was likely to duck a historic trend of crypto strength in October\u2013 dubbed “uptober”– for a second consecutive year. <\/p>\n While capital flows into the crypto’s spot exchange-traded funds picked up this week, after two weeks of outflows, its price action was yet to reflect the inflows. <\/p>\n Crypto price today: altcoins drift higher, but nurse muted Oct performance <\/p>\n Broader crypto prices firmed tracking Bitcoin on Wednesday, but were also nursing a middling performance so far in October, as momentum from the third quarter largely stalled. <\/p>\n World no.2 crypto Ether rose 3.3% to $2,462.67, while XRP added 5.2%. <\/p>\n Solana climbed 2.9%, Cardano added 4.6%, and BNB firmed by 3%. <\/p>\n Among memecoins, Dogecoin rose 4% and $TRUMP surged over 7%. <\/p>\n Vahid Karaahmetovic contributed to this report. <\/p>\n Original Article <\/p>\n Bitcoin climbs to $83.5k but oil, AI jitters limit upside<\/a> <\/p>\n Bitcoin climbs above $83k as risk sentiment improves, oil prices dip slightly<\/a> <\/p>\n