After several days of value losses caused by renewed tensions in the global trade arena, leading altcoins, particularly XRP and Ethereum, have started to rise again. Both digital currencies have shown significant increases in the last 24 hours, indicating that investor confidence has been rejuvenated. Last Thursday, Donald Trump reimposed customs duties on many trade partners, creating a striking impact in the stock and commodity markets. While the S&P 500 index lost 3.33% in value, the cryptocurrency market also felt the effects of this drop; however, it began to show signs of recovery over the weekend.

Based on the data, Ethereum has gained 10.86% in value over the last 24 hours and is currently trading at $3,688.05. Its market cap has reached $442.76 billion, getting closer to its historical peak. XRP also rose by 13.48% to $3.05, with a total market cap of $181.27 billion.#Gate ETH Staking APY 5%