While the rebound seems to have stalled slightly, it will be a relief to investors to see cryptocurrencies stabilizing after a period of heavy selling pressure.

Bitcoin (BTC) price hovers around $82,500 on Wednesday after recovering 5.52% the previous day. A K33 report highlights heavy sell-offs in equities and crypto markets amid rising concerns over a fragile global economy. Traders should remain cautious as the upcoming US macro data releases could bring more volatility in risky assets like Bitcoin.