By Elsa Ohlen
The recovery in Bitcoin and other cryptocurrencies picked up pace early Monday, following a week of big losses for digital assets.
Bitcoin was up 2.9% over the past 24 hours to $111,090, according to CoinDesk data. The price of the world's largest crypto dropped as low as $106,207 overnight before rebounding. It still trades about 12% below its all-time high hit earlier this month.
Smaller cryptocurrencies gained too, with Ether rising 3%, XRP 3.7%, and Solana 2.2%.
Meanwhile, futures tracking the S&P 500 and Nasdaq rose 0.3% and 0.4%, respectively.
Cryptos' move higher came amid cautiously optimistic data out of China and Japan, with the former posting third-quarter GDP growth of 4.8% Monday, in line with LSEG expectations. Meanwhile, Japan's benchmark Nikkei 225 rose 3.4% Monday to close at a record high.
Investors sold off risk assets late last week following credit concerns after two regional banks said they'd been hit by bad loans. Escalating U.S.-China trade tensions and President Donald Trump's threat of a further 100% tariffs on Chinese imports to the U.S. also hang over markets, including crypto assets.
Shares of cryptocurrencies exchanges Coinbase Global and Robinhood Markets also rose between 3% and 4% in premarket trading Monday, mirroring the price in crypto prices, even as a major outage at Amazon Web Services appeared to affect its operations. Barron's has reached out to Amazon for comment.
Write to Elsa Ohlen at elsa.ohlen@barrons.com
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October 20, 2025 06:03 ET (10:03 GMT)
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