The cryptocurrency market made a slight recovery over the last weekend. Bitcoin (BTC) has reclaimed the $88,000 price point. Despite the recovery, the global crypto market cap has fallen 1.6% in the last 24 hours to $2.85 trillion. The market seems to be moving in a sideways pattern right now.
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Cryptocurrencies Recover Amid Stock Market Decline
The crypto market displayed an upward momentum while the dollar’s DXY index and the stock market faced a slump. The crypto market resurgence could be due to investors pulling money out of the stock market and pouring it into crypto assets.
BlackRock purchased $41.6 million worth of Bitcoin, while Fidelity bought $87.6 million worth of the cryptocurrency. The big purchases could have aided in the crypto market recovery.
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While the market made a healthy turnaround over the last weekend, several assets continue to trade in the red zone. Let’s look at a few that may recover this week.
Top 3 Cryptocurrencies That May Recover This Week
1. Ripple (XRP):
Ripple’s XRP token has reclaimed the $2 price point but continues to trade in the red zone. The popular cryptocurrency could witness a surge in fund inflow over the next few days as the market recovers.
2. Solana (SOL):
SOL is another cryptocurrency that could experience a rise in investments in the coming days. The asset has faced a substantial price decline since hitting an all-time high of $293 in January 2025. SOL’s price could see a surge over this week.
3. TRON (TRX):
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TRX has made quite a lot of noise over the last year. The network has seen incredible growth and has emerged as a worthy contender to the industry giants. TRX hit an all-time high of $0.4313 in December 2024. The cryptocurrency’s price has dipped by nearly 43% since its December highs. The asset could make a comeback very soon.