Bitcoin price recovers strongly, hitting the $84.000 mark for the first time in a week

Bitcoin's price has seen a strong recovery in recent days, hitting the $84.000 mark for the first time in a week. The rally comes after a volatile start to the week

Bitcoin’s price has seen a strong recovery in recent days, hitting the $84,000 mark for the first time in a week. The rally comes after a volatile start to the week, with the leading cryptocurrency briefly dipping to just above $74,000, its lowest level in five months.

At press time, Bitcoin’s price is currently trading at $83,734,31, up 2% in the past 24 hours. This recovery coincided with the suspension of U.S. trade tariffs against several countries – with the exception of China – which may have alleviated some of the pressure on global financial markets. In addition, U.S. Consumer Price Index (CPI) data released on Wednesday also contributed to the positive momentum in the sector.

BTC began a new phase of appreciation on Wednesday night, rising to over $82,000. The rise continued throughout Friday and early Saturday, taking the asset to the $84,000 level. With this, Bitcoin’s market value rose to around $1,66 trillion, currently representing 60,5% dominance over other cryptocurrencies.

Meanwhile, altcoins also performed positively, with Solana (SOL) standing out as the leading gainer among the top ten cryptos by market cap. The token appreciated by approximately 6% and returned to the $126 range, after trading below $100 earlier in the week.

Ethereum remains close to $1,600, while XRP is holding above $2. Other cryptos such as Dogecoin (DOGE) and TRON (TRX) also rose, registering gains of 3,5% and reaching $0,25, respectively. On the other hand, TON and HBAR faced slight corrections.

Among the highlights outside the top 10, PI Coin had the highest daily appreciation among the top 50 cryptos, with an advance of 12%, trading above US$ 0,65. ONTO also showed significant growth, with a gain of 6%.