Bitcoin steadies near $81,700 as altcoins rebound, pepe climbs 13%
Bitcoin rose 0.5% to around $81,700 since midnight UTC while the CoinDesk 80 gained 1.4% and memecoins climbed 2.9%.
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Summary
- Bitcoin rose 0.5% to around $81,700 since midnight UTC, recovering from a low of around $81,000, while Asian stocks steadied after Thursday’s tech sell-off.
- Altcoins moved faster, with the CoinDesk 80 gaining 1.4%, memecoins climbing 2.9% and frog-themed memecoin pepe jumping 13%.
- Traders are now looking to the Fed’s Oct. 27-28 meeting.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
