Overview

• President Trump signaled a softer approach to China tariffs, suggesting potential reductions if a trade deal is reached, boosting market sentiment.
• Trump confirmed he has no intention of firing Federal Reserve Chair Jerome Powell, alleviating concerns over central bank independence.
• The total cryptocurrency market capitalization rose 4.2% to $3.03 trillion, marking its highest level since early March.
• Bitcoin surged to near $94,300, its highest price since March 3, while Ethereum climbed above $1,800 for the first time since April 6.
• XRP and Solana each gained 8%, reflecting a broad market rally as institutional and retail investors return to digital assets.