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Bitcoin hovers around $83,000 as AI earnings revive tech, ZEC jumps 11%

Bitcoin rose 1.3% to about $82,700 on Wednesday morning in Asia, hovering near $83,000 after strong results from SpaceX and Super Micro Computer revived the AI trade and lifted Asian tech stocks. ZEC jumped 11% to about $1,260 after Zcash developers set the activation height for NU7, an upgrade that cuts block times from 75 to 25 seconds. Ether rose 2% to about $2,450, XRP gained nearly 3% to $1.33, while Brent climbed above $110 a barrel on attacks on ships near the Strait of Hormuz. Hashdex said Bitcoin's bear phase had lasted 359 days as of Sept. 30 and that it must reclaim $84,000 before the Fed's Oct. 27–28 meeting to show renewed strength. Short-term holders now own just 16% of supply, the lowest share since January 2023.

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bitcoincryptoZECtech stocks

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Related tickers and likely impact

ZEC/USDT

▲ Likely positive

Zcash

Relevance: medium

MarketCrypto
ExchangeBinance
SectorPrivacy
Market cap$19.3B
Close on 10/20/20261,257.18
Change that session+9.11%
ZEC/USDT price, forecasts and signals →

BTC/USDT

• Neutral

Bitcoin

Relevance: low

MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$1.6T
Close on 10/20/202683,028.15
Change that session+1.33%
BTC/USDT price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

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