Summary:
Dogecoin spikes nearly 11% on Tuesday, recovering from Monday's plunge.
XRP reaches $2.66, a significant recovery and nearing its seven-year high.
Bitcoin rebounds to $96,475, marking a 5% increase on the day.
Over $300 million in futures bets liquidated, predominantly short positions.
What went down on Monday is soaring high again on Tuesday—including Dogecoin, Bitcoin, and XRP.
After plunging on Monday amid fears that interest rates will remain high in 2025, Dogecoin has spiked by nearly 11% so far Tuesday, reclaiming all of its lost ground while surging higher. Currently priced at $0.357, DOGE is sitting at a nearly seven-day high, almost matching the price point from this time last Tuesday. However, despite torrid gains in December, Dogecoin remains down 12% over the last 30 days.
XRP is another major coin that has rebounded, not only recovering but flying even higher on Tuesday. As of this writing, XRP is priced at $2.66—the highest mark seen so far in 2025, and not far from the seven-year high price of $2.82 hit in December. It's up nearly 9% on the day.
The Ripple-linked asset may be soaring again amid growing optimism over potential XRP ETF approvals, especially following a meeting between Ripple CEO Brad Garlinghouse and President-elect Donald Trump last week.
Bitcoin itself has also fully recovered since Monday morning's dive, currently sitting at a price of $96,475 and up nearly 5% on the day. Ethereum, meanwhile, is up 6% with Solana showing more than 5% jump on the day.
More than $300 million worth of futures bets have been liquidated over the past 24 hours, and in a reversal from Monday, most of those liquidated positions were shorts ($221 million).
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