Crypto Market Gains Momentum with Bitcoin Surpassing $90,000
- Bitcoin rose above $90,000, while major assets like Ethereum (ETH), BNB, XRP, Solana (SOL), and Cardano (ADA) also experienced rebounds.
- XRP increased by 2% to $1.95 as geopolitical tensions eased following President Trump’s tariff policy changes.
- Over $300 million in short positions were liquidated in the last day, contributing to the price surge of BTC and other cryptocurrencies.
- Futures open interest for BTC reached $60 billion and ETH at $38.80 billion, indicating renewed buying sentiment.
- Trump’s speech at the World Economic Forum mentioned progress on crypto regulations, boosting market optimism.
The easing of tariffs by President Trump has reduced geopolitical risks, leading to a positive shift in the crypto market as traders anticipate upcoming US inflation data and the Bank of Japan’s rate decision.
With Bitcoin surpassing $90,000 and significant short liquidations occurring, the market shows strong bullish momentum that may continue if institutional interest rises further.(Source)
