crypto market in the upswing: Bitcoin over $ 87,000, Solana and XRP show relaxation

<p> <strong> crypto market in the upswing: Bitcoin over $ 87,000, Solana and XRP show relaxation </strong> </p>
Market report: Developments in the cryptocurrency market on Wednesday
The cryptocurrency market experienced a positive development on Wednesday because Bitcoin (BTC) could hold its value over $ 87,000. Other important cryptocurrencies such as Solana (SOL) and XRP also showed signs of relaxation.
market dynamics
The latest reports on a more moderate attitude of the White House regarding tariffs have alleviated the concerns about possible economic disorders and contributed to the upward dynamics in the market. The global market capitalization of cryptocurrencies rose to $ 2.88 trillion, which corresponds to an increase of 0.85 % compared to the previous day. In contrast, the entire market volume has fell by 12.33 % to $ 76.6 billion in the last 24 hours.
Bitcoin (BTC) Price today
On Wednesday, Bitcoin was traded at a price of $ 87,454.16, which corresponds to an increase of around 0.53 % in the last 24 hours. The trading range of the last 24 hours was between $ 86,346.08 and $ 88,542.
Bitcoin was able to increase its dominance on the market by 3.21 % and thus reached 63.76 %. The crypto analyst Timothy Peterson was optimistic about the future price development of Bitcoin and estimated the probability of increasing the course at 75 %. In one of his last posts, he emphasized that Bitcoin is close to the lower border of his historical trading range, which reinforces the probability of an upward movement.
Ethereum (ETH) Price today
Ethereum (ETH) had an unpleasant day on Wednesday and fell by about 0.5 %, with a trading price of $ 2,054.78. The course moved within a range of $ 2,038.64 up to $ 2,084.
The trade volume of Ethereum rose significantly by over 22 % to $ 11.5 billion. The crypto analyst Ali Martinez referred to the recent transfer of the price about the $ 2,040 mark and called the next significant resistance at $ 2,300.
XRP and Solana (Sol) Price today
The XRP course fell by 0.78 % and was traded at $ 2.44 after he had previously reached an intra-raday high of $ 2.48. Ripple announced that it will not pursue his appeal against the US stock exchange supervisory authority SEC. Despite this news, the XRP price was largely stable.
Solana (SOL), on the other hand, recorded an increase of over 2 % to $ 142.77. Fidelity Investments has applied to launch a stock market -traded fund (ETF) that depicts the Solana price.
Top winners and losers for cryptocurrencies
top winner:
- movement (Move) increased by 29.48 % to $ 0.5552.
- zcash (ZEC) rose by 12.69 % and is now traded at $ 36.15.
- SPX6900 (SPX) and render (render) increased by 7.42 % or 7.34 %.
Top losers:
- Pi (PI) led the list of losers with a decline of 11.91 %.
- pancakeswap (cake) fell by 9.25 %.
- Other losers were Four (form) and hyperliquid (hype) with declines of 4.73 % or 3.09 %.
Wider course development in cryptocurrencies
Course development in many other cryptocurrencies shows mixed results. USDC remained almost unchanged at $ 1.00, while Tron (TRX) increased by 0.34 %. Vechain (VET) and Worldcoin (WLD) were also able to record slight profits. In contrast, uniswap (university) fell by 0.92 %.
In summary, the cryptocurrency market shows an overall positive trend, with Bitcoin in particular having a strong dominance, while other cryptocurrencies show inconsistent developments.