The cryptocurrency market staged a recovery on Wednesday, shaking off concerns over new US tariffs on Canada, Mexico, and China.
Bitcoin (BTC) led the rebound, climbing over 4% to trade above $87,000, while Ethereum (ETH), XRP, and Solana (SOL) posted intraday gains between 4% and 7%.
Investor sentiment improved as the market showed resilience after recent volatility, with total market capitalization rising by nearly 4.5% to $2.89 trillion.
Liquidations, which had surged past $1 billion the previous day, cooled to under $500 million, according to Coinglass data.
Bitcoin reclaims $87K
Bitcoin (BTC) saw a 3.5% price increase over the last 24 hours, reaching $86,950.
BTC fluctuated between an intraday low of $81,529 and a high of $88,911.
Notably, institutional buying activity contributed to BTC’s rally, with Japanese firm Metaplanet acquiring 497 BTC worth approximately $43.9 million.
Ethereum gains 4%
Ethereum (ETH) gained over 3.5% on the day, trading at $2,173 after fluctuating between $1,996 and $2,220.
Investor optimism surged following reports that US President Donald Trump holds more than $500 million worth of ETH, as highlighted by crypto analyst Crypto Rover.
The revelation fueled speculation about Ethereum’s long-term adoption and regulatory outlook in the US.
Source: CoinMarketCap
XRP and Solana surge
XRP recorded strong gains, trading at $2.44.
The asset hit an intraday low of $2.29 before peaking at $2.52.
Market data indicated that large investors, or ‘whales,’ accumulated approximately 1 billion XRP during the recent market dip, contributing to the price rebound.
Solana (SOL) climbed to reach $142, moving within a 24-hour range of $131.57 to $146.40.
The surge aligned with the broader market recovery, reinforcing positive sentiment across altcoins.
Dogecoin (DOGE) gained 4%, reaching $0.1995, while Shiba Inu (SHIB) rose 3% to trade at $0.00001293.
Meanwhile, Pepe Coin (PEPE) recorded a modest 1% increase, hitting $0.000006945.
Top gainers and losers today
- Aave (AAVE): Surged 21% to $209.19 amid the Aave community’s new proposal aimed at enhancing revenue distribution, staking rewards, and liquidity management.
- Cardano (ADA): Jumped 17% to $0.9335 following reports that Trump may include ADA in the US crypto reserve plans.
- Bitcoin Cash (BCH): Increased 14% to $345.36, benefitting from Bitcoin’s upward momentum.
- dogwifhat (WIF): Dropped 6% to $0.5656.
- Worldcoin (WLD): Fell 5% to $0.952.
- Optimism (OP): Declined 3% to $0.9263.
As the market stabilizes, traders remain focused on macroeconomic developments and institutional movements that could shape the next phase of crypto price action.
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