Ethereum and XRP Lead Crypto Market Rebound Amid Mixed Weekly Performance and Trade War Concerns
Main Idea
The crypto market is rebounding with Ethereum, XRP, and Ethena leading gains amid trade war-induced volatility, despite mixed weekly performances.
Key Points
1. Ethereum and XRP led top 10 crypto gains with daily increases of 2.7% and 4.5%, respectively.
2. Ethena, an Ethereum-based DeFi stablecoin protocol, surged 10.8% in 24 hours, driving altcoin recovery.
3. Market volatility was triggered by new trade war tariffs, causing short-term sell-offs in cryptocurrencies like Bitcoin and Ethereum.
4. Altcoins such as Stellar, Injective, and Solana's BONK also posted notable gains despite weekly losses.
5. Market sentiment is cautiously optimistic, with predictions of a 54.4% probability that Ethereum will reach a new all-time high within the year.
Description
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