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 surged after President Trump signaled a reversal on EU tariffs, with major cryptocurrencies rallying across the board and investor sentiment warming significantly.
As tariff policy shifted, investor confidence received a boost and the crypto market quickly clawed back losses. Bitcoin (BTC) reclaimed the $89,900 level, gaining 2% on the day; Ethereum (ETH) climbed to $2,995, also up 2%; Solana (SOL) approached the $130 mark with a 2% single-day gain; Ripple (XRP) was the strongest performer, surging 3% to $1.94.
Market sentiment indicator token CC led the pack with a 15% spike, SKY jumped 11%, and blockchain gaming token SAND added 10%.
Institutional-grade cryptocurrency custody service provider BitGo officially filed for an IPO at a valuation of $2.1 billion, becoming a focal point in the recent market. Meanwhile, Solana ecosystem token SKR experienced explosive price action, surging 250% on a fully diluted valuation basis, drawing significant market attention.
Amid sharp market volatility, total cryptocurrency futures liquidations across the network exceeded $1 billion, signaling heightened risks from leveraged positions. Analysts caution investors to manage risk prudently even as the market rebounds.
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