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 rebounded across the board after Trump reversed course on EU tariffs, with Bitcoin climbing back near the $90,000 mark while Ethereum, Solana, and XRP all moved higher in tandem.
Bitcoin (BTC) climbed 2% to around $89,900; Ethereum (ETH) rose 2% to $2,995; Solana (SOL) gained 2% to $130; while XRP outperformed with a 3% surge to $1.94.
Mid and small-cap tokens saw even more robust rebounds, with CC surging 15%, SKY jumping 11%, and SAND climbing 10%, emerging as the top performers in this rally.
Beyond macro policy tailwinds, the industry also received exciting news. Crypto custody giant BitGo announced an IPO valuation of $2.1 billion, marking the largest crypto-related listing in recent times.
Additionally, SKR, a token within the Solana ecosystem, saw its fully diluted valuation (FDV) skyrocket 250% in a short period, drawing significant market attention and indicating strong capital inflows into emerging projects.
Notably, during this Bitcoin rally, total market liquidations exceeded $1 billion, highlighting significant volatility risks for leveraged traders. Analysts caution that investors must carefully assess macroeconomic policy uncertainties and market sentiment shifts.
Loading…