Bitcoin (BTC) is trending higher alongside other major cryptocurrencies on Wednesday. Ethereum (ETH) has reclaimed $2,500 as short-term support, raising the odds that the uptrend will gain momentum. Meanwhile, Ripple (XRP) shows signs of recovery, trading near $1.44 while supported by key moving averages.

Appetite for risk assets remains elevated, with the crypto Fear & Greed Index at 66 in the Greed territory on Wednesday, down marginally from 69 the day before. If sustained, risk-on sentiment would continue to boost demand for digital assets, providing a much-needed tailwind to support bullish momentum.

US Treasury to announce extent of buyback scale

The United States (US) Treasury is set to…