Bitcoin Recovers to $82,305, Highest Level Since Late January

Bitcoin reached $82,305.01 as of 7 a.m. on May 6, marking its highest price since January 31. Ethereum also hit $2,412.01, the highest level since April 27. Five-day cumulative gains: BTC +5.4%, ETH +5.61%. De-escalation rhetoric from U.S. Secretary of State Rubio eased military expansion concerns, while market expectations for cryptocurrency legislation in Congress fueled risk appetite. CoinDesk's altcoin-focused 80 Index rose 3.5%.