Crypto Market Surge as Trump Halts Tariff War
Crypto market rallies after Trump pauses tariff war; ETH and XRP jump over 15%, with $587M liquidated in 24 hours.
- ETH and XRP prices soar after tariff truce
- Over $587M liquidated in 24 hours
- Short sellers lose $374M in massive squeeze
Former U.S. President Donald Trump’s announcement to suspend the tariff war for 90 days has triggered a dramatic rally in the cryptocurrency market. This unexpected move appears to have sparked optimism across financial sectors, with digital assets seeing a particularly strong boost.
Ethereum (ETH) surged by 15%, crossing the $1,600 mark, while Ripple’s XRP skyrocketed by 15.3% to trade above $2. These are significant gains that signal renewed investor confidence and an appetite for risk, following a period of uncertainty.
The announcement has calmed global trade tensions, which often weigh heavily on investor sentiment. With tariffs temporarily out of the picture, markets appear to be shifting towards growth-oriented assets like cryptocurrencies.
Liquidations Hit as Shorts Get Squeezed
The rapid price movements led to a wave of liquidations. In just 24 hours, total liquidations in the crypto market reached a staggering $587 million. Short sellers bore the brunt of this market shakeup, with $374 million in short positions wiped out.
These liquidations indicate a classic short squeeze scenario—where traders betting against price increases are forced to buy back assets to cover losses, further fueling upward momentum. This cascade effect contributed to the sharp price spikes across major altcoins.
What This Means for Investors
The suspension of the tariff war signals a more stable geopolitical environment—at least temporarily. For the crypto community, this kind of clarity often translates to bullish market behavior. As institutional and retail investors gain confidence, we may see continued interest in Ethereum, XRP, and other top-performing digital assets.
While this surge is exciting, it’s also a reminder of how global events can significantly impact crypto prices. Investors should remain alert and consider these macroeconomic shifts in their trading strategies.
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