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 strong rally on Tuesday, with all major cryptocurrencies trading higher. The key driver behind the marked improvement in market sentiment was President Trump softening his stance on imposing tariffs on the European Union, easing investor fears of an escalating trade war.
Bitcoin (BTC) climbed back to $89,900, up roughly 2% over 24 hours; Ethereum (ETH) followed suit, rising to $2,995 with similar gains near 2%. Solana (SOL) reclaimed the $130 level, while XRP delivered the standout performance — surging 3% to $1.94.
The meme coin sector was equally hot. doginme (CC) led the charge with a 15% spike, SKY surged 11%, and The Sandbox (SAND) posted a 10% gain. Capital is visibly flowing back into the crypto space.
However, even as Bitcoin rallied hard, the crypto market saw massive liquidations. Data shows that over $1 billion in long positions were liquidated in the past 24 hours, underscoring that volatility remains elevated and investors should manage risk carefully.
On the broader market front, crypto custody leader BitGo officially filed for an IPO at a valuation of $2.1 billion — the most significant listing news in the industry recently. Meanwhile, Solana ecosystem token SKR has also captured attention, with its Fully Diluted Valuation (FDV) surging 250%, reflecting extremely high market enthusiasm for the project.
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