Major cryptocurrencies like Bitcoin, XRP, and Solana have rebounded and are now in the green over the past 24 hours, with Bitcoin's price up nearly 5% to $83,119 per coin. This comes after a recent plunge in the market due to fears of a U.S. recession and falling tech stocks. Despite the recent increase, Bitcoin is still down by 24% from its all-time high. Other top coins, including XRP and Solana, have also seen positive growth. The reasons behind this rebound are difficult to determine, but analysts speculate that factors like the Texas strategic reserve, legislative initiatives, and investment by Strategy may be contributing. The stock market has also experienced slight dips but reversed larger declines from earlier in the day.
Content Editor ( decrypt.co )
- 2025-03-12
Bitcoin, XRP and Solana Bounce Back After Crypto Market Bloodbath
