Bitcoin (BTC) Price Regains Upward Trajectory After Bloodbath, Briefly Touching $83K

After crashing to a multi-month low of $76K, BTC price regained a rising trajectory today, exchanging hands at $82,120

Bitcoin (BTC) price has now clocked a new 24-hour high of $83,737.45 as the broader market continues to recover from yesterday’s bloodbath.

Crypto market today saw gains

The crypto market increased in value by 3.5% over the past 24 hours, as per the latest data from CoinMarketCap. The global crypto market cap now stands at $2.67 trillion.

Further liquidations from Tuesday decreased by over 58% and reached $389.61 million (Coinglass data).

The digital asset sector appears to be digesting trade war tensions post-Trump’s new tariffs as well as rising fears of a U.S. recession.

BTC price hits $83K high

After crashing to a multi-month low of $76K, BTC price clocked a rising trajectory today, trading at $82,120. The flagship crypto rose over 3% to hit a low and a peak of $79,059.43 and $83,737.45, respectively.

Bitcoin’s market dominance saw a 0.22% upswing to 61.27%, negating altcoins’ gains. Market watchers anticipate whether it is finally the time for a rally in light of the recent U.S. strategic Bitcoin reserve announcement.

ETH price surges 1%

Moving to major altcoins, ETH price managed to gain only 1% in the past 24 hours, closing in at $1,863. The crypto hit an intraday bottom and peak of $1,842.15 and $1,961.80 in the past 24 hours. Ethereum’s market dominance slipped to 8.5%, a considerable decline from previous levels of above 9%.

Next in line was XRP price, which witnessed a remarkable 7% uptick in value intraday and exchanged hands at $2.15. The coin bottomed and peaked at $2.05 and $2.24, respectively. Ripple’s native coin surged in tandem with Franklin Templeton’s S-1 filing for an XRP ETF recently.

SOL price clocked gains worth 2% in the past 24 hours and exchanged hands at $122. The crypto’s 24-hour low and high were $118.87 and $128.15, respectively. Solana’s price rose alongside the broader market trend this Wednesday.

Meme crypto market today

Meme coins’ prices have also mirrored an uptrend in sync with other coins’ prices today. Dogecoin (DOGE) price witnessed a 4% uptick and traded at $0.1610. Shiba Inu (SHIB) price followed, gaining 3% to $0.00001190. Pepe Coin (PEPE) was up by a remarkable 7% and rested at $0.000006204.

Top crypto market gainers today

Some coins have also led the broader market gains today, garnering noteworthy investor attention as they signal a potential recovery-trend brewing.

Kaspa (KAS)

Price: $0.06836

24-Hour Gains: +16%

Celestia (TIA)

Price: $3.21

24-Hour Gains: +14%

Bittensor (TAO)

Price: $256.5

24-Hour Gains: +12%

Top crypto market losers today

Ethena (ENA)

Price: $0.3722

24-Hour Loss: -7%

Maker (MKR)

Price: $1,078.61

24-Hour Loss: -4%

TRON (TRX)

Price: $0.2229

24-Hour Loss: -3%

Overall, the broader market’s rising action has sparked considerable hope among traders and investors about a potential price recovery cooking. However, it’s worth considering the highly volatile nature of digital assets could soon bring riveting movements back into play.