BlackRock's iShares Bitcoin Trust ETF generated $3.7 billion in trading volume, exceeding Vanguard's S&P 500 ETF at $3.28 billion. Bitcoin price increased approximately 7% within 24 hours, reaching $93,040. Mining stocks declined despite the broader market recovery, with hash price falling to roughly $39 per PH/s.

Bitcoin climbed back above $93,000 during Wednesday morning trading in Asia, less than 48 hours after dropping to $84,000. The cryptocurrency has recouped all losses from the recent decline and reached a key resistance level. Market sentiment has turned positive following the rebound.

Bitcoin's current market cycle demonstrates increased maturity through rising institutional participation and declining volatility, data show. Tokenized real-world assets have surged 243% year-over-year to $24B, according to Glassnode, while Bitcoin has absorbed approximately $732B in new capital with one-year realized volatility nearly halving.

Bitcoin dropped nearly 10% early this week, retesting the $84,000 level before recovering. Analyst Rekt Capital warns BTC remains in a vulnerable position below key moving averages. The upcoming weeks will prove crucial for determining its trajectory as early bear market indicators emerge.

Bitcoin traded near $92,000 during Asian hours Wednesday as regional equities steadied and futures pointed to reduced volatility. The cryptocurrency recovered alongside broader risk assets after earlier bond market turbulence and selling pressure eased across global markets.

Bitcoin remains below $90,000 as long liquidations dominate derivatives markets. Data show the liquidation dominance oscillator reached 32%, one of the highest readings in three years. The asset is now testing the 100-week simple moving average after declining from $115,000 to the $86,000–$88,000 range.

Bitcoin traded at $92,690 on Wednesday, rising over 7% in 24 hours after Monday's sharp decline. Bank of America announced Tuesday it will recommend 1%-4% digital asset allocations for wealth management clients starting January 5, covering four bitcoin ETFs including BlackRock's IBIT and Fidelity's FBTC. The move follows similar recommendations from Morgan Stanley and other major institutions.

Bitcoin traded near $86,000 with 58% market dominance as analyst Peter Brandt identified a break in the cryptocurrency's historical four-year parabolic cycle pattern. Brandt suggests a potential decline to $50,000 could set the stage for a subsequent rally toward $200,000-$250,000 in the next bull phase. Current technical indicators show weakening bearish momentum despite the cycle disruption.