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  • Anjali Belgaumkar
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    Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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  • Reviewed by: Qadir AK
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    Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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  • 2 minutes read

Why Are Bitcoin, Ethereum and XRP Prices Going Up Today?

Story Highlights
  • Bitcoin rebounds above $92K as markets recover from heavy liquidations and macro-driven volatility.

  • Altcoins surge with ETH, XRP, and Solana turning green as crypto sentiment stabilizes post-sell-off.

  • ETF momentum grows with new XRP, LTC, and upcoming AVAX products boosting market confidence.

The crypto market is showing signs of life again after a dramatic shakeout earlier today. Bitcoin, which briefly fell below $90,000 for the first time in seven months, has bounced back toward the $94,000 zone. The recovery comes as the broader market turns slightly positive, with global crypto market capitalization rising 1.4 percent to $3.16 trillion.

Most altcoins are trading in the green, including Ethereum, XRP, Solana, Cardano, Dogecoin and BNB. The rebound follows a wave of volatility triggered by heavy liquidations, a macro-driven sell-off in tech stocks, and speculation surrounding political and regulatory risks.

Bitcoin Reclaims Ground After Liquidations

Bitcoin is now trading near $92,500 after recovering from its morning low of $89,000. Analysts say the plunge was driven by forced liquidations and investors fleeing risk assets. More than $620 million in positions were wiped out in 24 hours as BTC tested key support.

Despite the panic, Bitcoin quickly stabilized. Traders point out that BTC’s earlier fall mirrored this month’s broad sell-off in AI-related tech stocks, suggesting a shift toward “risk-off” behavior in global markets.

Ethereum and XRP Follow the Bounce

Ethereum is up around $3,110 with a 3% gain in the past day, while XRP trades near $2.21 after rising more than 3 percent. XRP’s move follows strong interest in the newly launched spot XRP ETF in the U.S., which recorded nearly $60 million in first-day volume, this year’s highest opening for any ETF.

Altcoins including Solana, TRON, Dogecoin and Cardano have also turned positive after the early-morning chaos.

Why the Market Dropped And Why It’s Recovering

Experts say the downturn was caused by a mix of macro stress and crypto-specific pressure:

• Investors dumped speculative tech and crypto assets as markets weakened.
• U.S. senators demanded an investigation into World Liberty Financial over alleged token ties to North Korea and Russia.
• Rising token supply, new listings, and the growth of memecoin markets added downward pressure.
• Expectations shifted around how much the U.S. Federal Reserve might ease rates.

But the quick rebound shows that underlying interest in digital assets remains strong. 

ETF Growth Adds Support Across the Market

New spot ETFs, including XRP, Litecoin and upcoming Avalanche products, are giving both institutions and retail investors more ways to enter the market. This increased access is helping stabilize prices during moments of panic.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQs

Why is the crypto market up today?

The market is up as Bitcoin rebounds, liquidations settle, and renewed ETF inflows boost confidence across major cryptocurrencies.

What caused Bitcoin to drop below $90,000 earlier?

The dip came from forced liquidations, weak tech stocks, and risk-off sentiment, which briefly pushed Bitcoin to its seven-month low.

How did ETFs help the crypto market bounce back?

New spot ETFs made it easier for retail and institutional buyers to enter, supporting prices during the volatility.

What triggered today’s crypto volatility in the first place?

Volatility spiked due to macro pressure, regulatory concerns, and increased token supply before buyers stepped back in.

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