The cryptocurrency market saw broad gains on Wednesday following previous session losses.
Recovery of Bitcoin and Ethereum
Bitcoin (BTC) rebounded to $108,734, gaining $509 or 0.5% after falling to $108,225 on Tuesday. The recovery restored its market cap to $2.16 trillion, with 24-hour trading volume standing at $21.9 billion.
Ethereum (ETH) also regained strength, rising from $2,552.90 to $2,621.93, reflecting a $69.03 increase or 2.7% in the last 24 hours. ETH maintained a weekly gain of 7.3%, supported by a trading volume of $15.49 billion.
Challenges for TRON and Dogecoin
Dogecoin (DOGE), which had dropped 3.5% on Tuesday, climbed to $0.172, marking a $0.0042 gain or 2.5% recovery in the last 24 hours. However, the asset still trades below its earlier levels from the start of the week.
TRON (TRX) remained under pressure, slipping slightly from $0.2871 to $0.2868. The $0.0003 drop reflected a 0.1% decline, extending its losses into a second consecutive session despite positive market momentum elsewhere.
Surge of Small-Cap Tokens
Small-cap tokens surged, led by Treasure (MAGIC) rising 46.7% to $0.1738. AMO Coin (AMO) followed with a 44.8% gain to $0.002008. Other tokens like Banana For Scale (BANANAS31) and Energy Web Token (EWT) also reported significant gains of 30.3% and 29.1% respectively, attracting attention amid broader market recovery.
Wednesday's session indicated a recovery in major cryptocurrencies following Tuesday's correction. Bitcoin and Ethereum led the gains, while TRON posted a minor decline and Dogecoin showed only partial recovery. Small-cap tokens remained the day's biggest movers, highlighting shifting interest among traders.
