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Crypto Market Live Today: Bitcoin Recovers Following a Tariff Pause; ETH, XRP, SOL Gain Strength
The crypto market has witnessed a significant recovery following the White House’s announcement to pause tariffs for 90 days and increase them to 125% on China. This unexpected turn of events has sent shockwaves throughout the financial markets, with Bitcoin (BTC) recovering remarkably well.
As per our analysis, it is expected that the Bitcoin price will continue its upward momentum and head towards the liquidity range of around $85,000 in the near future. The sudden surge in the stock market has also led to a substantial increase in trading volume, which can be seen as a positive signal for the crypto markets.
Other top altcoins have also followed suit, with Ethereum (ETH) price surging by 12%, Ripple (XRP) and Solana (SOL) gaining strength of 11% and 10%, respectively. This sudden rally in the market has led to an overall bull run, resulting in a strong ascending trend.
It is worth noting that Fartcoin (FARTCOIN), Flare (FLR), Sonic (S), Bittensor (TAO), and Ondo (ONDO) have gained massive support as they have all seen significant gains of over 26%, 19%, 18%, and 17% respectively.
In the meme coin sector, Shiba Inu surged by a whopping 10% along with Pepe and Bonk, while TRUMP surged by 8% and FLOKI by 9%. On the other hand, dogwifhat (WIF) managed to gain more than 12%, but MELANIA unfortunately faced some losses.
As the situation unfolds, it is essential for investors to remain vigilant and keep a close eye on any further developments. While the market continues to recover from the recent tariff pause, it’s crucial to consider all factors before making any investment decisions.
Sources: Coinpedia
Source: https://coinpedia.org/price-analysis/crypto-market-live-today-bitcoin-recovers-following-a-tariff-pause-eth-xrp-sol-gain-strength/
