Cryptocurrencies surged significantly after an initial dip caused by tariff concerns. Assets like Mantra and DeXe led the way, reflecting increased investor interest.
Sharp Jump After Initial Decline
Following a market downturn due to US tariff concerns, cryptocurrencies sharply rebounded. By Monday, the market reversed, and panic sellers were at a loss. Mantra (+23%), DeXe (+18%), and Mantle (+17%) drove the rebound, with trading volume spiking 94% in the previous week.
Key Performance Indicators Show Recovery
According to Santiment, there is a correlation between market price changes and social volume, indicating improving investor mood. Bitcoin, Ethereum, XRP, and Solana were leaders in social volume, with Bitcoin accounting for 37.71% of activity. These assets contributed to the recent market recovery.
Market Volatility and Trading Volume Surge
Despite a slight drop in market capitalization, trading volume surged by 94.43% last week, reaching $1.04 trillion. This reflects heightened investor activity and an increased appetite for crypto assets amid market volatility.
The sharp rebound in cryptocurrencies reflects renewed investor interest, driven by social volume changes and market activity. Despite global economic factors, volatility continues to drive trading volumes.
