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 sharply after President Trump softened his stance on EU tariffs, with sentiment clearly shifting positive. Investors flooded back into digital assets, pushing Bitcoin back toward the $90,000 level.
Bitcoin (BTC) gained 2%, returning to around $89,900; Ethereum (ETH) climbed 2% to $2,995; Solana (SOL) rose 2% to $130; and Ripple (XRP) outperformed with a 3% surge to $1.94. Overall, all major cryptocurrencies traded in the green, signaling recovering market confidence.
Among smaller-cap altcoins, CC (+15%), SKY (+11%) and SAND (+10%) led the gains, emerging as the week's focal points. Meanwhile, Solana ecosystem token SKR drew significant attention as its fully diluted valuation (FDV) surged 250%, reflecting investor appetite for emerging projects. Notably, institutional-grade crypto custodian BitGo announced an IPO valuation of $2.1 billion, underscoring the growing recognition of the crypto industry by traditional finance.
Alongside the wild price swings, the crypto market saw over $1 billion in liquidations during this rally, highlighting the severe challenges faced by leveraged traders. Experts caution investors to manage risk prudently when participating in market rebounds.
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