Bitcoin is approaching the 90,000 marks as the cryptocurrency market rebounds from earlier losses triggered by trade war concerns. According to Coin Metrics, Bitcoin rose more than 186,927.54, recovering from a 20% drop from its peak. Ether also saw a modest increase, climbing less than 1% to over $2,100 after hitting a low in November 2023.

Smaller-cap cryptocurrencies, such as Cardano’s ADA and Ripple’s XRP, posted gains of 4.6% and 1.8%, respectively. Solana’s SOL token, however, remained in the red despite recovering from its lows.

Bitcoin-related stocks also saw a rebound, with Coinbase rising nearly 3% and MicroStrategy surging 10%. Pure-play bitcoin miners, including Mara Holdings, recorded gains, while Robinhood saw a slight increase.

The recovery comes after a sharp sell-off on Monday, driven by fears of impending tariffs and market volatility. Traders are now looking ahead to the White House Crypto Summit on Friday, where details about the proposed U.S. “strategic crypto reserve” and plans to support the sector are expected to be unveiled.