Crypto Market Sees Significant Recovery Amid Institutional Buying

The crypto market has seen a significant recovery from its recent losses, with a 2.7% increase in the market cap to reach $2.32 trillion on Wednesday.

This rebound is largely attributed to institutional investors buying into the dip, as well as improving geopolitical conditions and a rally in tech stocks.

Bitcoin was among the top performers, climbing 5.5% to an intraday peak of $66,233 before consolidating around $65,000.

Ethereum also saw a 4% rise, while other major assets like XRP, Tron, and Dogecoin recorded more modest gains.