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 cryptocurrency market surged after President Trump shifted his stance on tariffs, with all major coins trading in the green and sentiment warming significantly.
Bitcoin (BTC) climbed back to $89,900, gaining roughly 2% in 24 hours; Ethereum (ETH) broke above $2,995, also up 2%; Solana (SOL) reclaimed the $130 level with a 2% gain; and XRP led the pack with a 3% jump, surpassing $1.94.
Speculative capital flowed into smaller-cap tokens, with CC (Sui ecosystem) soaring 15%, SKY rallying 11%, and SAND (The Sandbox) posting a 10% gain — emerging as the frontrunners of this rebound.
Beyond the price recovery, major industry news broke. Crypto custody giant BitGo officially launched its IPO, with the company valued at $2.1 billion, making it the most closely watched crypto sector listing in recent times.
Meanwhile, the SKR token in the Solana ecosystem became the market's focal point, with its Fully Diluted Valuation (FDV) surging 250%, reflecting heightened investor interest in Solana ecosystem projects.
Notably, as Bitcoin rallied sharply, over $1 billion in futures positions were liquidated, signaling intense long-short博弈 during this move.
Source: Decrypt
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