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 staged a notable rebound on Monday, with major cryptos rallying across the board after President Trump softened his stance on EU tariffs, easing concerns over escalating trade tensions.
Bitcoin (BTC) climbed 2% to reclaim the $89,900 range, while Ethereum (ETH) moved up 2% to $2,995. Solana (SOL) gained 2% to $130. Ripple (XRP) outperformed with a 3% surge to $1.94.
Meme coins also joined the rally, with the CC token leading the pack at +15%, while SKY and SAND posted gains of 11% and 10% respectively. Amid the market turbulence, more than $1 billion in crypto liquidations were recorded over the past 24 hours.
Institutional-grade crypto custodian BitGo announced its $2.1 billion IPO plan, marking one of the most closely watched listings in recent memory. Meanwhile, Solana ecosystem token SKR became the market's center of attention as its Fully Diluted Valuation (FDV) exploded by 250%, reflecting investors'狂热追捧 of Solana ecosystem projects.
Analysts noted that Trump's pivot on tariffs provided short-term support for risk assets including crypto, but regulatory policy uncertainty remains the primary challenge facing the market over the medium to long term.
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