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 reversed course on EU tariffs, with Bitcoin reclaiming the $89,000 level and Ethereum approaching $3,000. Analysts attribute the surge to easing trade tensions, renewed investor confidence, and strong short-covering activity driving the collective advance of major cryptocurrencies.
Bitcoin climbed 2% on Monday, reclaiming the $89,900 zone; Ethereum gained 2% to $2,995, just shy of the $3,000 psychological milestone. Solana added 2% to $130, while XRP surged 3% to $1.94.
Top performers posted even more dramatic gains:
Notably, Bitcoin's strong rebound triggered over $1 billion in liquidations, with long positions receiving a significant boost.
In industry news, crypto custody giant BitGo officially filed for an IPO at a $2.1 billion valuation, becoming the first major crypto custodian to pursue traditional capital markets.
Simultaneously, the Solana ecosystem saw momentum as the SKR token's Fully Diluted Valuation (FDV) surged 250% on positive developments, reflecting sustained market enthusiasm for Solana-based projects. Analysts suggest the tariff reversal removes the biggest near-term uncertainty, with expectations for the crypto market to maintain its bullish trajectory in the short term.
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