Bitcoin rose about 1% to roughly $78,600 in Monday morning trading in Asia, a third straight daily gain, as buyers returned after Friday's drop in US technology shares. CoinDesk said the coin slipped to about $77,600 late Sunday, then moved back above $78,500 within hours. A later quote on that same report showed bitcoin near $78,077. RTE had the price back above $78,000 after Friday's six-week low. Sunday's Coinbase print near $78,052 is in Sunday's market note.
Ether holds above $2,300 as ZEC leads the major coins
ZEC led the large coins, climbing 3% to nearly $1,280, CoinDesk said. Ether and BNB each added nearly 2%, with ether just above $2,300 and BNB near $713. XRP and TRX rose about 1%. Solana barely moved, near $95. RTE's separate reading put ether at $2,287 after a two-month low on Friday. The rebound is a calmer open after Binance disclosed a $6.3 billion hack last week, the largest theft from a crypto exchange on record. Customer withdrawals are in today's business story.
Tech futures bounce, and Tuesday's midterms are the next test
The Nasdaq 100 fell 3.5% on Friday, its worst day since June, and the Philadelphia Semiconductor Index fell 7%. On Monday, futures on the S&P 500 and the Nasdaq 100 were up at least 0.4%. Benchmarks rose in South Korea, Hong Kong and Japan. Brent crude fell about 3% toward $110, and gold rose to roughly $3,910 on CoinDesk's reading. The fuller commodity tape is in today's gold and oil note.
Jeff Mei, chief operating officer at the exchange BTSE, told CoinDesk that last week's Federal Reserve commentary points to high interest rates weighing on bitcoin liquidity for the next few months. He said a small rebound in technology shares could mark a low, and that bitcoin is still below $80,000. Polls close across the United States on Tuesday night, so results start landing during Wednesday's Asian session. Mei said a change in control of Congress could affect both the Iran conflict and the CLARITY Act, the bill that would set which US agency oversees which tokens. Friday's $643.3 million ETF outflow, which left 2026 barely in the green, is in today's ETF note. December hike odds and Friday's jobs report are in the economy briefing. Follow the session on the markets desk.