Bitcoin
Bitcoin Rebounds Above $83,000 as NEAR and Monero Defy Market Slide
Bitcoin recovered from a weekly low near $80,400 while NEAR Protocol and Monero recorded narrower losses than most major digital assets.
Bitcoin fell 3.6% over a seven-day period after slipping to a weekly low of approximately $80,400 on October 8, following unsuccessful attempts to reclaim the $87,000 level. The decline wiped out nearly $7,000 in market value over several days before buyers pushed the price back above $83,000 by October 9.
While most large-cap cryptocurrencies suffered broader declines—with 13 of 16 tracked major tokens performing worse than Bitcoin—NEAR Protocol and Monero proved more resilient. Monero recorded a 1.3% weekly dip, while NEAR slipped just 0.3% over the week after having gained 91.7% over the prior month. NEAR subsequently climbed over 10% on October 10 to reach roughly $5.25.
Broader market movements were accompanied by divergent institutional fund flows. US Bitcoin spot exchange-traded funds recorded $244 million in single-day net outflows during the downturn. Conversely, XRP investment products registered $8.2 million in inflows, even as the spot token dropped 9% over the same seven-day window, while Stellar posted the steepest decline among large caps at 13.5%.
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