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Bitcoin Slips Near $83,000, Erasing Last Week's Gains

Original: Bitcoin Trades Near $83,000, Giving Up Most of Last Week's Gains -- Update

Bitcoin is trading near $83,000, giving back most of the gains it recorded last week. The pullback leaves the cryptocurrency roughly where it stood before its recent rally, and traders are watching whether the dip marks a short-term correction or the start of a broader downturn. Market commentary has focused on the speed of the reversal and what it signals about momentum in crypto markets more broadly.

Why now: Traders and investors are reacting to bitcoin's swift reversal of last week's rally.

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