Bitcoin Rebounds to $83,000 as Traders Await US CPI Data

Key Facts

1Bitcoin price recovered to over $83,000 after previously dropping to the $80,000 level.

2The market saw $727M in liquidations and outflows from crypto ETFs.

Bitcoin price recovered to over $83,000 after previously dropping to the $80,000 level. Benzinga reported that the market saw $727M in liquidations alongside outflows from crypto exchange-traded funds (ETFs).

The rebound occurred as traders positioned themselves ahead of upcoming US CPI inflation data, while other major altcoins including Ethereum and XRP traded sideways. The recovery above key psychological levels indicates resilience despite recent heavy liquidations and volatility in the digital asset space.