The prices of Bitcoin and altcoins received a boost after Donald Trump suspended new import tariffs on Canada and Mexico for 30 days. BTC surged to $102,000, indicating a recovery of the market.
In addition, Ethereum ETH, XRP, and Solana SOL gained more than 10% in a single day. The meme coins DOGE, SHIB, and PEPE also saw significant gains of almost 20%.
Crypto Prices Today Recover Amid Pause On Trump’s Tariffs
Crypto prices are reviewing their positions and showing remarkable recovery today after a temporary pause on Donald Trump’s import tariffs on Canada and Mexico. This 30 day pause on tariffs has helped lift the escalating trade tensions which in turn aids to boost global market sentiment.
The U S has reached a consensus with Canada and Mexico centered around border control, drug cartel issues, and organized crime.
This caused Canadian Prime Minister Justin Trudeau to come forth and confirm the pause on tariffs for at least a month while the China tariffs remain intact.
This increase on Canadian power has provided a new catalyst for the cryptocurrency market which forcibly retraced on Tuesday. The global crypto market cap grew by 8.46 percent to reach $3.32 trillion as one of the fastest recoveries in recent history.
Bitcoin Price Recovers Amid Broader Trend
Bitcoin (BTC) has seemingly consolidated its recovery as its price has now accumulated 7% over the last day standing at $100,733 currently. During the day, the cryptocurrency recorded a low price of $92,767.89 and a high of $102,514.17.
Along with the increase in Bitcoin’s price, its market dominance has also decreased by 0.99% to 60.27% which means that altcoins have surpassed BTC recovery levels.
ETH Price Soars Over 10%
Ethereum (ETH) has experienced significant growth, rising by 11% within the day to reach $2,803. Over the last day, the coin had a low of $2,450.66 and a high of $2,919.48. While this is an increase, a more positive bear factor emerged recently.
World Liberty, owned by Donald Trump, purchased a remarkable 1,826 ETH, as reported by Lookonchain on X. This optimistic sentiment is further bolstered by recent sell-offs, which has made many cautious about the currency.
On X, Eric Trump also expressed support by stating, “In my opinion, it’s a great time to add ETH,” further fueling favorable odds for the cryptocurrency purchase.
XRP Price Pumps 20% In One Day
XRP experienced a jump of 20% in just 24 hours. The current pricing stands at $2.71 and the base line and peak stands at $2.14 and $2.78 respectively. The Ripple-backed cryptocurrency is also following the movement of the broader cryptocurrency market today.
Solana Prices Overview
SOL price surged by 9% as per the last values noted, peaking at $216. Within the reported range, the low and high values are respectively $190.28 and $220.00.
Meme Cryptocurrency Trends For Today Show Positive Growth
Along the same lines, DOGE spiked 20% in the past day, driving up the price to $0.2818. At the same time, Shiba Inu also spiked intraday by 19%, now standing at $0.00001627. Moreover, even PEPE gained around 17% in price standing at $0.00001065.
