If you have been keeping up with the cryptocurrency scene this week, it has been rough with some losing their shorts as prices have dropped, but the good news is that XRP continues the trend. The altcoin has increased 12% in the last 24 hours; according to data, it is up 9.83% in its market cap, reaching new highs at $147.69 billion, and the trading volume surged to $22.3 billion.
Bitcoin is finally rising on the 5th day, to the level of $99,106.58, and has a market cap of $1.96 trillion. The trading volume surged 12.68% as trading activity has spiked, indicating that investor confidence is returning. Ethereum isn’t lagging, either, up 7% to $2,701.10, with a big increase in trading volume, 24.59%. Traders seem to be accumulating ETH, signaling growing optimism.
This recovery is taking place amid rising geopolitical tensions. Donald Trump just imposed 10% tariffs on China imports; China struck back today with its tariffs on U.S. oil, agricultural machinery, coal, and liquefied natural gas. As if that wasn’t enough of a wild card, China then opened up its antitrust investigation into Google, raising the level of economic tension between the two behemoths. These new trades follow Canada and Mexico, who also face tariffs, which caused BTC to drop to $92,000, not before a few hours earlier.
With so much going on, traders are keeping a close eye on global trade policies and economic developments. XRP’s surge is a positive sign, but ongoing tariff battles and regulatory scrutiny could mean more volatility ahead. Bitcoin is inching toward the $100,000 mark, and Ethereum is showing strong buying activity, but caution is still advised. The market’s next moves will likely depend on how these economic tensions unfold in the coming weeks.
Also Read: Ripple Releases 1B XRP Tokens from Escrow, XRP Price Drops
