Bitcoin hovers near $83,000 as AI earnings revive tech, ZEC jumps 11% after upgrade

Bitcoin rose 1.3% to about $82,700, hovering around $83,000 after strong earnings from SpaceX and Super Micro Computer revived the AI trade and lifted Asian tech stocks. Zcash surged 11% to about $1,260 after developers set the activation height for the NU7 upgrade, reducing block times from 75 to 25 seconds and speeding payment confirmation threefold. Analysts at Hashdex note Bitcoin's bear phase may be nearing an end, though the cryptocurrency must reclaim $84,000 before the Federal Reserve's Oct. 27-28 meeting to signal renewed strength.