news 
Bitcoin has made a stunning recovery, surging more than 8% over the past 24 hours to reach an intraday high of $83,425. This comes as trade tensions ease following Donald Trump’s decision to put tariffs on ice for at least 90 days.
The cryptocurrency market has seen a significant bounce, with almost $250 billion re-entering the spot markets within the last 12 hours. As a result, the total market capitalization has returned to $2.7 trillion, erasing losses from recent trading sessions.
Ethereum, which had fallen below its 2018 cycle peak on Wednesday, has bounced back by an impressive 15% to retap $1,680. Despite this recovery, Ethereum’s price remains weak and is currently at bear market lows. Other altcoins that have seen significant gains include XRP, Solana, Dogecoin, Cardano, Chainlink, Avalanche, Hedera, and Sui, all of which are up double digits.
Despite the strong recovery, many digital assets still remain far below their peak levels from this cycle or the previous one. It remains to be seen whether this bounce will translate into a sustained uptrend or if it is simply a temporary correction.
In related news, the Dow Jones and S&P 500 have rallied by 8% and 12%, respectively, as global markets respond positively to the easing of trade tensions.
Source: https://cryptopotato.com/bitcoin-recovers-to-83k-in-crypto-market-bounce-as-trade-tensions-ease/
