Crypto majors are green and rebounding after Trump pivoted on EU tariffs; BTC +2% at $89,900; ETH +2% at $2,995, SOL +2% at $130; XRP +3% to $1.94. CC (+15%), SKY (+11%) and SAND (+10%) led top movers
The crypto market staged a broad rally after Trump softened his stance on EU tariffs, with Bitcoin's strong recovery driving overall market sentiment higher.
Following Trump's tariff pivot on the EU, major cryptocurrencies across the board surged. Bitcoin led the charge, climbing approximately 2% in 24 hours to reclaim the $89,900 range. Ethereum moved in tandem, breaking through the $2,995 level. The Solana ecosystem also attracted capital flows, with SOL recovering to $130.
Major coin performance:
While Bitcoin rallied forcefully, the market saw massive liquidations. Over $1 billion in positions were liquidated across the crypto market within 24 hours, highlighting the acute volatility risks facing short-term traders. Both long and short liquidation volumes increased significantly, reflecting the uncertainty of recent price action.
Institutional-grade crypto custodian BitGo announced an IPO plan valued at $2.1 billion, opening up想象 space for further market institutionalization. Meanwhile, SKR token on Solana emerged as the week's biggest dark horse, with its FDV valuation surging 250% and drawing short-term capital to position ahead of new narrative plays.
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