Bitcoin Price Bounces Back to $83K as Crypto Market Liquidations Cool

Bitcoin rebounded Friday to briefly reclaim $83,000 after plunging to a month-to-date low of $80,308 on Thursday. The recovery pushed its market cap back to $1.66 trillion. Resistance at $83,000 triggered volatile trading as the downturn that dragged the cryptocurrency to multi-week lows showed signs of ending.