According to Cryptonews, Bitcoin rebounded above $103,000 on Thursday as risk appetite returned following stronger U.S. economic data and a global equity rebound. Asian stocks also rose, recovering from Wednesday's selloff. U.S. services activity hit an eight-month high in October, and private payrolls exceeded forecasts, lifting Wall Street and easing concerns about stretched tech valuations. Ethereum climbed to $3,440, while altcoins like $HYPE, $AVAX, $UNI, and $WLFI surged. Derivatives desks reported cleaner positioning after Wednesday's volatility, helping crypto track equities higher. Traders are watching the $100,000 support level and $105,000 to $107,000 resistance range. The prolonged U.S. government shutdown has complicated the interpretation of growth trends, with private reports gaining more weight.
Bitcoin Rebounds Above $103,000 Amid Global Stock Rally
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