Crypto Market Bounces Back: Bitcoin Hits $87K as ETH, SOL, and XRP Rally
The cryptocurrency market showed signs of resilience on Wednesday as it recovered from recent losses, shaking off concerns over newly implemented U.S. tariffs on Canada, Mexico, and China. Bitcoin (BTC) climbed over 4% to reach $87K, while Ethereum (ETH), Solana (SOL), and XRP recorded gains ranging from 4% to 7%. Investors responded positively to the market rebound, restoring some confidence after the previous downturn.
Bitcoin Regains Momentum
BTC saw a 4% boost, trading at $87,400 within a 24-hour range of $81,529.24 to $88,911.27. The price uptick was partly driven by Japanese firm Metaplanet’s decision to acquire 497 BTC, valued at $43.9 million.
Ethereum Sees 4% Growth
ETH surged by 4% to $2,159, fluctuating between $1,996.77 and $2,220.36. A report from Crypto Rover highlighted that former U.S. President Trump holds over $500 million in ETH, further fueling investor optimism.
XRP Climbs 7% Amid Whale Activity
XRP advanced by nearly 7%, settling at $2.44, with an intraday range between $2.29 and $2.52. The price increase followed reports that major holders accumulated 1 billion XRP tokens.
Solana Breaks $140
SOL jumped 5% to $142, moving between $131.57 and $146.40. The asset’s bullish movement mirrored broader market trends.
Meme Coins Show Gains
Dogecoin (DOGE) added 4%, reaching $0.1995, while Shiba Inu (SHIB) rose 3% to $0.00001293. Pepe Coin (PEPE) inched up 1% to $0.000006945.
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