The crypto market cap rebounded 2.7% to $2.32 trillion on Wednesday after recovering some of the previous days’ losses as investors bought the dip.
Summary
- The crypto market recovered from Tuesday’s losses as institutional investors capitalized on the dip.
- A rally in tech stocks and improving geopolitical conditions have acted as a tailwind for risk assets like crypto.
Bitcoin (BTC), the industry’s primary bellwether, climbed 5.5% to hit an intraday peak of $66,233 before consolidating near $65,000, a level now serving as a vital psychological floor.
Ethereum (ETH) followed suit with a 4% rise, stabilizing around $1,900, while other major assets, including…
