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 rallied after President Trump softened his stance on tariff policy, with major digital assets posting broad gains. Bitcoin (BTC) rose 2% to reclaim the $89,900 level; Ethereum (ETH) climbed 2% to $2,995; Solana (SOL) added 2% to $130; and XRP surged 3% to $1.94.
Beyond the headline coins, altcoins posted even steeper gains. Coinbase (COIN) stock token exploded 15%, SkySwap (SKY) soared 11%, and The Sandbox (SAND) rallied 10%. Market sentiment turned optimistic, reflecting investor hopes that the Trump administration may dial back trade-war tensions.
Amid the broader recovery, crypto infrastructure firm BitGo announced its IPO filing at a $2.1 billion valuation, drawing heavy market interest. Separately, Solana ecosystem token SKR spiked 250% in a short span, with its fully diluted valuation (FDV) surging in tandem — a move that has captured significant attention.
Worth noting: even as Bitcoin bounced, the broader market saw over $1 billion in liquidations, as leveraged long positions were forcibly closed — shorts took hits too. All told, the policy-driven rally brought quick relief, but volatility risk has by no means vanished.
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