Cryptocurrency markets were volatile on Wednesday as President Donald Trumpโs new tariffs on metals took effect and traders awaited U.S. labor data that could influence the Federal Reserveโs next interest rate decision.
The cryptocurrency market continued to rally on Tuesday after Federal Reserve Chair Jerome Powell made dovish remarks regarding future monetary policy the previous day.
The first draft of the broad market structure and regulation bill that the cryptocurrency industry has been calling for has been released.
Joe Lubin will join SharpLinkโs board and advise on the treasury program and core business initiatives.
Ether gained 2.5%, while SOL and XRP rallied by 4% and 2%, respectively.
BTCโs market capitalization tops $2.2 trillion as ETH and SOL surge 7%.
Crypto markets posted modest gains, with Ethereum and Solana rallying 4%.
The lending giant has surpassed $40 billion in TVL, outpacing the broader DeFi market.
Bitcoin and Ethereum's ETH reversed early losses as risk assets bounced back from a morning slump triggered by Moodyโs U.S. debt downgrade.
Bitcoin consolidates above $103,000 while Ethereum, Solana, and XRP retreat.
Solana accounts for more than 50% of total dApp revenue after an explosive 2024.