The market showed choppy price action following new macro headlines related to tariffs. As of now, $BTC is trading at $102,794 and $ETH is trading at $2,495. Bitcoin dominance stands at 62.70%.
The U.S. and China have agreed to a 90-day tariff reduction, cutting U.S. tariffs on Chinese goods from 145% to 30%, and Chinese tariffs on U.S. goods from 125% to 10%. Analysts had expected a drop to 80% (based on Trump’s remarks) or 54% (factoring in a 20% fentanyl component and 10% equivalence), but the U.S. ultimately settled at 30% with a 24% exemption.
A few other headlines include: Coinbase Global set to join the S&P 500, Truth Social denies rumors of new memecoin launch, and SEC Chair Paul Atkins unveils a more crypto-supportive regulatory framework at the fourth Crypto Task Force roundtable.
During the last 24 hours, the top three gainers were $WIF, $ATH, and $RUNE, while the top three losers were $BERA, $MOG, and $BRETT.
