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XRP (CRYPTO: XRP) is moving higher thanks to some positive-looking developments on the macroeconomic front and a potential coin-specific catalyst trading. The cryptocurrency's token price was up 2.4% over the previous 24 hours of trading as of 5:45 p.m. ET. After comments from President Donald Trump yesterday indicating that tariffs on Chinese products would come down substantially, Reuters reported today that the administration was open to lowering import taxes on the country's goods from 145% to between 50% and 65%.

The firm, formerly known as Janover, continued its buying spree for its long-term crypto holdings acquiring locked SOL tokens below spot prices

Collectively, Bitcoin ETFs in the U.S. now have $108.16 billion in assets under management.

Investors continued to buy risk assets on Wednesday, including growth stocks, tech stocks, and cryptocurrencies, following a sharp move higher on Tuesday. Bitcoin (CRYPTO: BTC) is up 2.9% since the stock market closed yesterday, Ethereum (CRYPTO: ETH) is up 5.1%, and Dogecoin (CRYPTO: DOGE) is up 6.2%. It's the trade war that has caused concern that the U.S. will go into a recession, and that has caused a decline in Bitcoin and the market overall.

Wednesday's crypto rally stalled as Bessent reiterated the difficulties in making a deal with China.

Bitcoin rose again Wednesday to bring the closely watched $100,000 mark back into striking distance. Monitor these major support and resistance levels.

Ledger CEO Pascal Gauthier calls Bitcoin “the biggest invention of the century,” saying it’s on track to become the global financial standard — and nothing can stop it now.