Bitcoin Rebounds Toward $84,000 as Zcash, NEAR Protocol Slide

Bitcoin (BTC) recovered toward $84,000 after briefly falling to $80,850 early Tuesday, while sharp market swings pushed daily liquidations above $800 million.

BTC remained about $500 below $84,000 at press time. Its market capitalization stood at $1.670 trillion, and its market dominance rose to 59.7%.

The latest move extended a volatile stretch that began after Bitcoin was rejected near $87,000 during the previous business week. BTC later fell to $83,500 and reached $80,400 last Thursday before recovering over the weekend and trading between $82,000 and $83,000.

Bitcoin’s earlier recovery toward $84,000 had already drawn attention to liquidation levels. The subsequent swings pushed daily liquidations above $800 million.

Ether (ETH) fell 1.2% after dipping to $2,400, then rebounded above $2,500. XRP moved farther from $1.40, while Solana (SOL) traded below $110 and Cardano (ADA) fell about 5% to below $0.24.

Zcash (ZEC) dropped more than 6% to $1,226. NEAR Protocol (NEAR) fell 10% to below $5.20. Several other tokens also remained deep in negative territory.

STX and BTW were among the few assets to gain over the 24-hour period. Total crypto market capitalization fell by more than $20 billion to $2.810 trillion.