Bitcoin Climbs Back Above $90,000 After Touching Seven-Month Low of $89,286.75

Bitcoin recovered in Asian trading on Wednesday, rising nearly 2.3% to $92,361 after briefly dropping to $89,286.75, its lowest level in seven months. The cryptocurrency now trades 26% below its October peak above $126,000, with all gains accumulated earlier this year wiped out. The broader crypto market has lost approximately $1.2 trillion in value over the past six weeks.