Tariff Easing Sparks Cryptocurrency Rally
- Bitcoin (BTC) surged by 3% in the last 24 hours, rising from $84,000 to $88,600.
- Altcoins Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) outperformed Bitcoin with gains of 8%, 7.8%, and 4.5% respectively.
- The potential easing of US tariffs on Canada, China, and Mexico was reported as a factor for the rally.
- Ethereum increased by 4%, while XRP rose by 2% during the same period.
- The Nasdaq and S&P 500 indices each climbed by 2% in response to market optimism.
Bitcoin’s recent price increase is linked to reports suggesting a possible narrowing of US tariffs, which has boosted investor confidence across both cryptocurrency and equity markets.
Source (2.6)https://www.newsbtc.com/bitcoin-news/tariff-easing-fuels-altcoin-rally-solana-doge-and-ada-shine-while-bitcoin-stalls/?rand=52377