As bargain-hunting investors stepped in, Ripple managed to reverse its downward trend.
On February 15, CoinMarketCap, a leading cryptocurrency tracking platform, reported Ripple trading at $2.34, up 2.12% from 24 hours earlier.
This uptick is primarily driven by Asian investors seizing perceived buying opportunities.
While Ripple rebounded, other major cryptocurrencies remained under pressure. Bitcoin, the market leader, fell 3.97% to $88,936, while Ethereum, the second-largest by market cap, dipped 0.73% to $2,516.
However, both had significantly pared earlier losses—just three hours prior, Bitcoin had dropped 7% and Ethereum 6%.
The crypto market appears to stabilize after a sharp sell-off the previous day. Bitcoin briefly fell below $87,000, triggering a broad decline across the sector.
This volatility reflects a shift from post-election optimism to growing concerns over Trump’s policies. Uncertainty surrounding his aggressive tariff stance has unsettled stock markets, and the ripple effects will likely spill over into cryptocurrencies.