The cryptocurrency market is showing signs of recovery after experiencing one of the sharpest sell-offs on Monday and Tuesday. The recent downturn was largely driven by U.S. President Donald Trump’s tariff-related policies, which triggered panic selling across major assets, including Bitcoin (BTC) and XRP.
However, a potential reversal is in play as market sentiment improves. The key catalyst behind today’s recovery is a statement from the U.S. Secretary of Commerce, hinting that Trump may roll back tariffs on Canada and Mexico later today (Wednesday).
This news has injected optimism into the market, pushing XRP’s price up by over 10%, from a 24-hour low of $2.27 to its current level of $2.51. #WhiteHouseCryptoSummit #MtGoxTransfers #USJobsSlump $BTC