Bitcoin, XRP and Solana Recover After Crypto Market Crash

After a sharp drop due to the uncertainty surrounding Donald Trump’s economic policies, Bitcoin, XRP, and Solana are experiencing a significant recovery. The crypto markets are on the rise again after coming under severe pressure on Monday due to recession fears and turmoil in traditional financial markets.

Bitcoin and some altcoins on an upward trend

Bitcoin (BTC) gained nearly 5% over the past 24 hours and is currently trading at around $83,119. The price had previously fallen below $77,000 after fears of a potential recession in the US intensified. Ethereum and Solana also hit their lowest levels in over a year on Monday, while crypto futures liquidations surpassed $700 million.

XRP also recovered, posting a 6% increase, bringing its price to $2.20. Solana (SOL) even rose 6.5% and is currently trading at over $127. Many other top 20 coins also posted slight gains, resulting in an overall gain of more than 2% for the entire crypto market.

What is behind the price rebound?

The reasons for the sudden recovery in prices are difficult to pinpoint definitively. Mark Connors, Chief Investment Strategist at Risk Dimensions, explained that the recovery surprised even experienced investors. “We thought macroeconomic pressures would continue to drag Bitcoin down—uncertainties about new tariffs and the associated reluctance to invest should have persisted.”

However, some experts speculate that political developments in the US may have fueled the upswing. These include rumors of a strategic Bitcoin reserve in Texas, a $21 billion investment program from Strategy, or new legislative initiatives such as the GENIUS Act.

Parallels to the stock markets

The S&P 500, the Nasdaq, and the Dow Jones closed slightly lower on Tuesday, MArch 12th, but were able to limit their losses during the day. Cryptocurrencies have increasingly behaved like traditional stock markets in recent months and are viewed by investors as so-called “risk-on” assets. This means they are particularly sensitive to economic and political news—and this has been demonstrated again in recent days.

Whether the crypto recovery is sustainable or just a short-term reaction to market movements will become clear in the coming days.

__

(Featured image by Alesia Kozik via Pexels)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in BLOCK-BUILDERS.DE. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us