The cryptocurrency market is slowly reclaiming its previous momentum. Bitcoin (BTC) has taken back the $97,000 price point. The global crypto market cap has risen to $3.12 trillion. The market seems to have recovered its losses from the recent crash.
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Cryptocurrencies Continue Gaining
The recent crypto market crash was likely due to President Trump’s tariff spree. The market began recovering after Trump paused tariffs for 90 days. Bitcoin (BTC) is now inching closer to reclaiming the $100,000 mark.
Other bullish developments may have aided the cryptocurrency market recovery. The SEC has appointed pro-BTC candidate Paul Atkins as its head. With a crypto-friendly administration in power, we may witness a bullish market environment over the next few years.
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There is also a chance that the Federal Reserve will announce an interest rate cut very soon. Inflation in the US came in lower than expected. A rate cut could lead to a surge in cryptocurrency investments.
Top 3 Cryptocurrencies That Could Rise This Weekend
1. Bitcoin (BTC)
BTC is the market leader. Other assets will likely not move unless BTC rallies. The original cryptocurrency is moving closer to the $100,000 mark. If the market maintains its momentum, BTC could hit $100,000 this weekend.
2. Ripple (XRP)
Ripple’s XRP token is another cryptocurrency that could rally over the coming weekend. The asset has seen incredible growth over the last few months. There are also 10 active XRP ETF applications with the SEC. An ETF could send the asset to a new all-time high.
3. Solana (SOL)
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SOL saw a massive price dip during the recent crash. The asset briefly fell to below $100. SOL has since made a healthy recovery. The cryptocurrency now faces resistance at the $150 mark. If SOL can break past $150, it could rise to $200.