Bitcoin climbed back above $65,000 on Wednesday, rebounding from steep recent losses as bargain buyers re-entered the market. The world's largest cryptocurrency gained 3.2% to $65,102.7 by early morning trading, after hitting a session high of $66,279.4. The recovery came as Wall Street's overnight tech rally helped lift broader crypto sentiment, though Bitcoin remains nursing a near 50% wipeout from October record highs.

Bitcoin's gains tracked a rebound in U.S. technology stocks, as cooling concerns over AI's immediate impact on software helped lift the sector. The cryptocurrency market has historically moved in tandem with tech shares, though tech stocks have vastly outpaced crypto in recent months. Tech shares also advanced ahead of closely watched earnings from AI bellwether NVIDIA Corporation, due after the market close Wednesday. The print is likely to factor into tech shares and offer cues to crypto markets.

Broader crypto prices also advanced as deep losses in recent weeks drew in bargain buyers. Ethereum rose nearly 4% to $1,891.16, while XRP gained 2.7%. Meme tokens also saw gains, with Dogecoin up 1.5% and Shiba Inu climbing 4.7%. Despite the recovery, retail and institutional demand for crypto remains weak, and the path toward greater recovery appears uncertain as markets continue to digest fresh cues on U.S. trade tariffs from President Trump.