Crypto Market Rebounds: Bitcoin Climbs to $87K, ETH, SOL, XRP Recover Losses
The cryptocurrency market showed signs of recovery on Wednesday as it absorbed concerns surrounding new U.S. import tariffs targeting Canada, Mexico, and China. Bitcoin (BTC) rose over 4% intraday, reaching the $87K mark, while Ethereum (ETH), Solana (SOL), and XRP saw gains ranging between 4% and 7%. The overall market uptrend brought renewed optimism among investors following a sharp downturn.
Bitcoin Regains Strength at $87K
Bitcoin surged by approximately 4% in the last 24 hours, trading at $87,400. The coin fluctuated between an intraday low of $81,529.24 and a high of $88,911.27. The surge coincided with Japanese firm Metaplanet’s acquisition of 497 BTC, worth $43.9 million, fueling bullish sentiment.
ETH Climbs 4%
Ethereum saw a 4% increase, exchanging hands at $2,159. The asset’s daily range fluctuated between $1,996.77 and $2,220.36. Notably, reports indicate that U.S. President Trump holds over $500 million worth of ETH, bolstering market confidence.
XRP Soars 7% Amid Whale Accumulation
XRP surged by nearly 7% in 24 hours, closing at $2.44. It hit an intraday low of $2.29 and a high of $2.52. The rally was fueled by major investors accumulating 1 billion XRP during the recent price dip.
SOL Reaches $142
Solana (SOL) climbed 5% to $142, marking a daily low of $131.57 and a high of $146.40. Its price movement aligned with the broader crypto market recovery.
Meme Coins See Modest Gains
Dogecoin (DOGE) rose 4% to $0.1995, Shiba Inu (SHIB) gained 3% to $0.00001293, and Pepe Coin (PEPE) inched up 1% to $0.000006945.
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