XRP and Bitcoin Rise. What's Driving the Crypto Comeback. — Barrons.com

By Elsa OhlenXRP, Bitcoin and other cryptocurrencies were rising early Tuesday, bouncing back after a volatile start to the week.The world's largest crypto, Bitcoin, again rose above the $100,000 mark, up 3.3% over the last 24 hours to last trade at $102,986, according to CoinDesk data.The popular altcoin XRP is up 10% to $3.12.All major digital coins fell Monday amid a broad market rout after a Chinese firm said it produced an artificial intelligence model that could rival western leading models for a fraction of the price.Crypto investors are also eagerly awaiting any news of progress of a national reserve of crypto, something President Donald Trump has pledged but not yet taken action on.Monday's big moves were however "more of a reflection of risk appetite than something specific to news regarding expectations of deregulation in crypto," according to market strategist Louis Navellier.As cryptocurrencies moved lower along with tech stocks Monday, they were rising in tandem with the sector early Tuesday — Nasdaq 100 futures rose 0.7% ahead of the open.Ether is up 5.3% over the last 24 hours, while Solana is up 7.5% and Dogecoin is up 8.7% to $0.34.Write to Elsa Ohlen at [email protected] content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.