Crypto Market Shows Recovery After Early Declines Amid U.S. Stock Reversal
Crypto markets experienced volatility on Wednesday, maintaining a tight trading range.
- Bitcoin (BTC) traded at $94,700, down 0.4% over 24 hours.
- At one point, BTC was down nearly 2% amid early stock declines.
- Altcoins underperformed BTC; The CoinDesk 20 index fell 2% in the last 24 hours.
- Litecoin (LTC), Ripple (XRP), Avalanche (AVAX), and Chainlink (LINK) each dropped approximately 4%.
- Bitcoin miner Hut 8 (HUT) fell 5.7%, underperforming crypto equities.
- Major U.S. stock averages initially tumbled over 2% due to economic data but closed with slight gains.
President Trump commented on current economic conditions, indicating ongoing tariff policies despite less favorable economic reports.