Bitcoin Climbs Back Above $82,000 as Risk Appetite Stabilizes Alongside Retreating Oil Prices

Bitcoin rose as much as 2.3% in early trading Monday, climbing back above $82,000 to trade at about $82,400 by midday in Singapore. Oil prices retreated from a five-month high, Nasdaq futures moved higher and risk assets broadly rebounded. U.S. spot bitcoin ETFs saw net outflows of $228.6 million last week, the second consecutive week of outflows. The Federal Reserve has entered its blackout period ahead of its Oct. 27-28 policy meeting, while Meta and Tesla earnings and weekly jobless claims data are due this week.