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Bitcoin hovers above $83,000 a year after $19 billion crypto crash

Original: Bitcoin struggles above $83,000 a year after $19 billion crypto crash

Bitcoin is trading just above $83,000, roughly a year after a record market rout wiped out around $19 billion in crypto positions. Markets are watching whether the price can hold that level or whether lingering caution from last year's crash will push it lower. Traders remain divided on whether the recovery can gather momentum from here.

Why now: The anniversary of last year's $19 billion crash is prompting reflection on how far bitcoin has recovered and whether prices can hold.

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