Bitcoin Rebounds Above $83,000 as It Decouples From Stocks and Nasdaq Futures

Bitcoin climbed back above $83,000 on Tuesday after briefly falling under $81,000, shaking off a sharp selloff in Asian chip stocks and US tech futures. Ether bounced from five day lows, while XRP turned higher after touching three week lows. Zcash, solana and other major tokens followed a similar pattern.

Oil Stays Elevated Ahead of CPI

WTI crude traded near $92.67, holding most of Monday’s recovery from below $90, while Brent hovered around $106 after a three day rally. Fresh attacks in Saudi Arabia and threats to shipping through the Strait of Hormuz kept energy uncertainty high. The Dollar Index held near 102.50, its highest since April last year.

Traders Hedge Rather Than Exit

Attention now turns to Thursday’s US CPI report. Paul Howard of Wincent said institutional investors are likely to add protection through derivatives rather than reduce crypto exposure, keeping core positions while hedging downside risk.