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 rebounded across the board on Tuesday, ending a multi-day slide after U.S. President Donald Trump softened his stance and withdrew tariff threats against the EU, injecting confidence into the market. Bitcoin regained upward momentum near $89,900, while Ethereum, Solana, and XRP all posted gains of 2% to 3%.
After Trump signaled a potential pause on tariffs for the EU, investor selling pressure notably eased. According to market data:
Beyond the major coins, meme tokens and gaming-related tokens showed even stronger performance. CC soared 15% in a single day, SKY gained 11%, and SAND posted a 10% increase, reflecting a rapid recovery in market risk appetite.
Notably, institutional-grade crypto custodian BitGo announced a $2.1 billion IPO plan, providing a strong boost to the recently sluggish market. At the same time, the SKR token within the Solana ecosystem has surged 250% from its initial price, fueled by a wave of new project launches, sparking market discussion around its fully diluted valuation (FDV).
However, significant volatility persists. Statistics show the crypto market still recorded over $1 billion in liquidations within 24 hours, indicating that leverage risks remain elevated. Analysts advise investors to carefully assess risks and avoid blindly chasing rallies.
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