Crypto majors rally after Trump softens stance 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%) lead gainers
Market sentiment has shifted sharply as the crypto market rallies across the board. U.S. President Trump has softened his stance on EU tariffs, easing investor concerns about an escalating trade war and spurring major cryptoassets higher in tandem. Bitcoin (BTC) has returned to the $89,900 level with a modest 2% gain; Ethereum (ETH) has broken through $2,995, posting a similar ~2% advance; Solana (SOL) has recovered to the $130 mark with a single-day gain of 2%.
Trump's pronounced shift on EU tariffs has been interpreted by markets as a signal of easing trade policy, prompting a sharp risk-on rally across digital assets. XRP has benefited from the optimistic mood, surging 3% in a day to $1.94, making it one of the largest gainers among major altcoins. The total crypto market capitalization has rebounded in a short window, reflecting rapid restoration of investor confidence.
Beyond the major tokens, CC, SKY, and SAND have stood out with gains of 15%, 11%, and 10% respectively, signaling aggressive capital rotation into smaller-cap assets. However, market volatility remains elevated, with over $1 billion in long positions liquidated across crypto markets in the past 24 hours—a reminder of the severe losses high-leverage holders face in sharp reversals. Analysts caution that investors should verify whether the short-term rally has fundamental support and manage leverage risk carefully.
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