The cryptocurrency market seems to be making a slow recovery. Bitcoin (BTC) has reclaimed the $85,000 mark. The global crypto market cap has risen to $2.79 trillion after its dip to $2.5 trillion. The market resurgence has led to a slight boost in investor sentiment.
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Cryptocurrencies Recover Amid Bullish Developments
The latest market recovery comes after President Trump announced a 90-day pause on tariffs, excluding those placed on China. The tariff pause may have led to a rise in investor sentiment.
Another bullish development in the cryptocurrency sector is the appointment of Paul Atkins as the new SEC chair. Outgoing SEC head Gary Gensler was viewed as a villain in the crypto space.
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Inflation in the US has also come in lower than expected for March 2025. There is a possibility that the Federal Reserve will announce an interest rate cut very soon. A rate cut could lead to a surge in risky investments. Such a development could lead to a surge in investments in the cryptocurrency market.
Top 3 Cryptocurrencies You Should Watch For April 2025
1. Ripple (XRP)
Ripple’s XRP token has seen a healthy turnaround over the last few days. The cryptocurrency has reclaimed the $2 mark once again after falling to a low of $1.6. The asset could continue its rally for the next few weeks.
2. Solana (SOL)
SOL also faced a steep correction over the last few weeks. The cryptocurrency fell below $100 for the first time since February 2024. SOL could continue its rally if the crypto market continues its upward momentum.
3. Dogecoin (DOGE)
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DOGE is another cryptocurrency that has made a recovery. The asset may continue to rally, given that 21Shares has applied for a DOGE ETF. The memecoin could see a massive price surge if the SEC approves the ETF application.
