The cryptocurrency market is showing signs of a recovery. Bitcoin (BTC) has climbed to the $96,000 price point. The global crypto market cap has risen 0.5% in the last 24 hours to $3.32 trillion. Investors and crypto users will like nothing more than a slight market resurgence right now.
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Cryptocurrency ETF News Pushing Assets Up
The latest market resurgence comes after Brazil approved a spot XRP ETF. The nation is the first in the world to have an XRP ETF. The bullish outlook for XRP seems to have trickled into the larger cryptocurrency market.
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The crypto market faced a steep correction earlier this week. The dip was likely due to the controversy around the Libra memecoin. Investor sentiment took a massive hit. The development took a particularly hard turn due to the involvement of Argentina’s President Javier Milei.
Top 3 Cryptocurrencies That Could Recover This Weekend
1. Ripple (XRP)
Ripple’s XRP token is surging right now after Brazil’s spot ETF launch. The development could lead to XRP hitting new highs over the coming weeks. The cryptocurrency could continue its surge over the weekend as the ETF news takes hold.
2. Bitcoin (BTC)
Bitcoin (BTC) is the market leader. Other cryptocurrencies tend to follow BTC’s trajectory. The asset is already showing signs of a recovery. The original crypto could make a slight recovery over the coming weekend. A BTC rebound could inject new life into the crypto market.
3. Solana (SOL)
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SOL took a big hit after the Libra coin controversy. The cryptocurrency has lost significant traction over the last few days. The low price makes the asset quite attractive to new investors. SOL could see a slight recovery over the weekend.