Bitcoin, Solana, XRP Surge Up to 10% as the Crypto Market Zooms Over 4% Today

After a sharp decline on Tuesday, the crypto market zoomed over 4% in the last 24 hours amid heavy trading volumes in major cryptocurrencies like Bitcoin, Ethereum, Solana, BNB and XRP.

Cryptocurrency prices today, August 8: Bitcoin, Ethereum, XRP, Solana

The crypto market recovered sharply on Wednesday after a decline of up to 10% yesterday. The combined market cap of the crypto market surged 4.93% to $2.88 trillion, according to crypto market tracking platform coinmarketcap.com.

The crypto market was down up to 10% yesterday amid selling tension erupted by the US President Donald Trump’s decision to put heavy tariffs on goods from Canada, Mexico and China.

In retaliation to trump action, Canada and China had announced reciprocal tariffs on the US. A day before yesterday, the crypto market was trading high after Trump, in a social media post, said to create a crypto reserve for top cryptocurrencies. He even vowed to develop America as crypto capital of the World.

Bitcoin price today

The most valued cryptocurrency, Bitcoin was trading at $87,755.52, surging 4.5% in the last 24 hours. Bitcoin prices fell sharply yesterday to the $80,000 levels.

The traded volumes of Bitcoin in the last 24 hours were 1.31llio billion units. Bitcoin prices recovered sharply today.

Ethereum price today

One of the most valuable cryptocurrencies, Ethereum was trading at $2,186.15, surging 6.01% in the last 24 hours. The traded volume of Ethereum coins until 8:53 a.m. was $28.54 billion.

XRP price today

The cryptocurrency's price increased 10.24% to $2.51 per unit in the last 24 hours. Its trading volume was $10.09 Billion.

Solana price today

The price of solana surged 5.42% to trade at $144.17 in the last 24 hours. Meanwhile, the traded volume till 8:58 am was $6.96B.