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 saw a notable rebound, with major cryptocurrencies rising across the board after the Trump administration signaled a pivot on EU tariff policy. Bitcoin (BTC) recovered to $89,900, up 2% on the day; Ethereum (ETH) broke through the $2,995 level; Solana (SOL) climbed to $130.
Investor confidence rebounded swiftly on signals of tariff easing, driving overall crypto sentiment into bullish territory.
Beyond major cryptocurrencies, several altcoins posted even stronger gains: CC surged 15%, SKY climbed 11%, and SAND rose 10%. Meanwhile, reports emerged that BitGo is actively preparing for a $2.1 billion IPO, signaling sustained institutional interest in the crypto sector. Solana ecosystem's SKR token posted a 250% FDV increase, becoming a focal point in the market.
As the market recovers, over $1 billion in liquidations still occurred in the crypto market, reflecting the extreme volatility risks associated with high-leverage positions. Investors should carefully assess market uncertainty and closely monitor developments in macroeconomic policy.
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