Bitcoin Jumps to $83K After Ledger Theft Claims—Can $82.5K Hold?

Bitcoin rebounded to about $83,000 on Friday as traders weighed reports of funds stolen from some Ledger hardware wallet users and focused on a closely watched weekly close.

Price rebounds as markets digest Ledger reports

Data from TradingView showed BTC/USD hovering near the $82,500 area after reclaiming $83,000 at the Wall Street open, following a Thursday drop to $80,350. CoinGlass data indicated rolling 24-hour crypto liquidations exceeded $1 billion, and spot price cut through ask-side liquidity, with thicker liquidity seen near $84,000.

In an X post cited by the source, Ledger acknowledged theft claims and linked them to CryptoBillis, a reseller in Southeast Asia. Ledger advised affected users: “If you have set up your Ledger device, consider moving assets to a new Ledger signer (with new seed).” The hardware wallet sector has faced heightened scrutiny following a multi‑phase hack affecting Coldcard in July and August.

Stocks bounce; tech caution flagged

U.S. stocks opened higher Friday as technology shares rebounded from earlier pressure. CNBC reported the Nasdaq had been under pressure following weaker‑than‑expected earnings projections from OpenAI. CNBC also quoted Adam Crisafulli of Vital Knowledge: “The sell-off reflected extreme positioning imbalances that have further to unwind in our view, which is why the whole AI-linked tech stock complex is unlikely to simply stage a sharp, V-shaped rebound.”

Key levels and the next catalyst

Cointelegraph reported $82,500 has been a key level for bulls since mid‑September and could form part of a potential inverse head‑and‑shoulders setup similar to one seen in 2023. Bitfinex Alpha, the research arm of Bitfinex, wrote that it expects range‑bound conditions between $81,300 and $86,500 heading into the Oct. 14 U.S. CPI release, with repeated retests of $84,000. Traders were also focused on the upcoming weekly candle close.