Bitcoin price rise above $83,000 as risk sentiment improved. However, the price subsequently fell below $83,000 as uncertainties in the tech sector caused market turmoil. DeFi tokens also led to a decline in crypto markets following a sharp increase in Bitcoin's price. JPMorgan's report suggested Bitcoin could outperform gold, stocks, and bonds but mentioned potential challenges. A crypto analyst warned of temporary market volatility in Bitcoin, XRP, and Cardano.
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