12-3-2025 – Crypto have shown signs of recovery following a period of significant downturn, with Bitcoin leading the charge at $82,598, marking a 4.3% uptick over the previous day’s trading.
The cryptocurrency landscape witnessed varied performances across different tokens, with XRP emerging as a standout performer, surging 8.3% to reach $2.2. The memecoin favourite Dogecoin demonstrated remarkable resilience with a 6.9% increase, whilst Ethereum, the second-largest cryptocurrency, posted more modest gains of 2.2%, settling at $1,897.
The broader digital asset market registered an overall improvement of 3.8%, though market analysts remain measured in their assessment. Min Jung of Presto Research characterised the upturn as a modest correction rather than a definitive trend reversal, noting the absence of any major catalytic developments.
This recovery follows a particularly challenging period where Bitcoin had retreated below $77,000, coinciding with a broader market selloff that saw American equities markets record their poorest performance of the year. The downturn was exacerbated by former President Donald Trump’s proposed tariff policies and his frank acknowledgement of potential recessionary risks during what he termed a “period of transition”.
Among other notable movements, Solana appreciated by 3.8% to $124.19, whilst Cardano demonstrated strong momentum with a 5.6% increase to $0.73. However, LVRG Research Director Nick Ruck offered a tempered perspective, suggesting the rally merely corrected an overly cautious market sentiment rather than indicating a substantial shift in market dynamics.