Bitcoin has reclaimed the $83,000 level, and the cryptocurrency market is showing a rebounding trend at the start of the week. Major altcoins such as Ethereum, Ripple (XRP), and Solana are also up over the past 24 hours. However, compared with a week ago, most major cryptocurrencies are still posting negative returns, so it remains to be seen whether a full-fledged recovery is underway.

■ Bitcoin at $83,887... Short-Term Gains vs. Weekly -3.24%

As of 10:16 a.m. on the 12th, according to CoinMarketCap, a global cryptocurrency market tracker, bitcoin was trading at $83,887.55. That is up 1.15% from 24 hours earlier, and it has also risen 0.27% in the past hour, continuing a short-term upward trend. However, its seven-day change was recorded at -3.24%. Despite the short-term rebound, bitcoin has not fully recovered its losses from the past week.

■ Ethereum, Ripple, and Solana Show Mixed Picture of Daily Gains vs. Weekly Losses

Ethereum, the second-largest cryptocurrency by market capitalization, rose 1.60% from 24 hours earlier to $2,544.67. On a seven-day basis, however, it fell 6.75%, showing a larger weekly decline than bitcoin. Ripple (XRP) traded at $1.41, up 0.97% over 24 hours, but it is down 7.33% compared with a week ago. Solana also rose 1.74% in a day to $111.79, though its seven-day decline reached 7.77%.

■ Zcash Up 4.76%... Dogecoin's Weekly Drop of 10.18% Stands Out

In addition, Binance Coin (BNB) rose 0.85% over 24 hours to $753.47, while Tron fell 0.16% to $0.3300. Hyperliquid climbed 1.84% to $86.76, and Zcash posted a relatively large gain of 4.76% to $1,282.32. Dogecoin rose 1.43% from 24 hours earlier to $0.08683. However, its seven-day decline reached 10.18%, making its weekly drop particularly notable among major cryptocurrencies.

■ What to Watch: Whether Bitcoin Holds the $83,000 Level and U.S. Inflation Data

As such, buying interest is flowing into major cryptocurrencies at the start of the week, but traces of weakness remain on a weekly basis. Whether a single day of gains can lead to a sustained rebound is a key point to watch going forward. Attention is focused on whether bitcoin can stably hold the recovered $83,000 level and whether major altcoins can narrow their weekly losses.

There are also volatility variables. This week's scheduled U.S. inflation data releases are cited as key factors that could sway cryptocurrency market volatility. The U.S. September Consumer Price Index (CPI) is due on the 14th, and the Producer Price Index (PPI) on the 15th.

[※ This article is intended to convey trends in the cryptocurrency market and does not constitute investment advice regarding specific assets. Cryptocurrencies are highly volatile, so exercise caution when investing.]