Crypto Rebounds as Trump Tariff Plans Shift

Crypto markets are seeing a strong recovery today after President Trump signaled a step back from certain tariff plans. Bitcoin climbed 2 percent to reach $89,900, while Ethereum rose to $2,995 and Solana hit $130. This shift helped calm investors, even after over $1 billion in positions were liquidated during the recent volatility.

Institutional news is also driving the conversation. BitGo has officially announced an IPO priced at $18 per share, which puts the company valuation at approximately $2.1 billion. Meanwhile, the Senate Agriculture Committee is preparing to move the Clarity Act toward a markup next week, and President Trump has expressed a desire to sign a crypto market structure bill into law soon.

In other developments, Ethereum co founder Vitalik Buterin introduced a proposal for native DVT staking to improve network security. On the regulatory front, Hong Kong is rolling out a new stablecoin licensing framework, and Russian courts have officially classified cryptocurrency as property. While Saga faced a setback due to a $7 million hack, the broader industry continues to integrate, with Steak 'n Shake even launching a program that allows employees to earn wages in Bitcoin.