Bitcoin is nearing the 90,000 marks as the cryptocurrency market bounces back from a trade war−induced sell−off. According to Coin Metrics, Bitcoin rose more than 186,927.54, while Ether climbed less than 1% to over $2,100. Smaller-cap cryptocurrencies like Cardano’s ADA and Ripple’s XRP also posted gains of 4.6% and 1.8%, respectively.
Bitcoin-related stocks joined the recovery, with Coinbase rising nearly 3% and MicroStrategy surging 10%. Pure-play bitcoin miners, including Mara Holdings, recorded gains, while Robinhood saw a slight increase.
The rebound follows a sharp sell-off on Monday, driven by fears of impending tariffs and market volatility. Traders are now looking ahead to the White House Crypto Summit on Friday, where details about the proposed U.S. “strategic crypto reserve” are expected to be unveiled.
