Crypto market rebounds as Bitcoin surges past $87K amid easing trade war fears

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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