Bitcoin rebounds above $83,000 as strong US earnings and falling oil prices lift risk appetite

Bitcoin rebounded to $83,000 levels on Wednesday recovering from the low-$81,000 region and briefly moving above $83,000. The cryptocurrency was trading at $83,529.In the past 24 hours, Bitcoin was up 2.1% and Ethereum was up 2.7%. Among the major altcoins, BNB, XRP, Solana,, Hyperliquid, Dogecoin and Cardano gained upto 4% whereas Tron was down 0.3%.Riya Sehgal, Research Analyst, Delta Exchange said the bounce came alongside stronger U.S. equities after encouraging corporate earnings while a sharp pullback in oil from above $100 helped reduce some of the inflation and interest-rate pressure weighing on risk assets.