Stocks rebound into key tech earnings: Three things to know in Bitcoin this week

Stocks rebound into key tech earnings: Three things to know in Bitcoin this week

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

Bitcoin (BTC) starts the third week of October at $82,000 as crypto and stock markets begin a tentative rebound.

Key points: A lighter week of US macro data prints will shift the market’s attention to corporate earnings as stocks rebound from last week’s sell-off.

Some 15% of S&P 500 companies are due to report third-quarter earnings figures this week, including SpaceX on Tuesday and Tesla and Meta on Wednesday.  Tech-stock performance remains in focus after a major drawdown last week that began with South Korean markets.

The KOSPI Composite Index lost 2.8% on Oct.

12 before dropping to the week’s low of 5,455 on Thursday, bringing the week-to-date losses temporarily to 17%.  Contagion spread to neighboring Asian markets before US equities began to weaken later in the week.

The S&P 500 index finished Friday down 2% for the week.

As in early August, tech stocks saw considerable sell-side pressure amid concerns over AI expenditure plans and the associated debt obligations.

In Korea, the threat of competition in semiconductor manufacturing from China exacerbated the downturn.

Warnings of a “Black Monday” event on global stock markets spread through social media over the weekend.

The panic, which coincided with the 39th anniversary of the 1987 Black Monday crash, appeared misplaced, with KOSPI gaining 1.8% on Monday and S&P 500 futures 0.7% higher at the time of writing.

Analiz: Piyasa hareketliliği devam ediyor.