The cryptocurrency market has grown sharply after the decision of US President Donald Trump to postpone the introduction of tariffs for all countries except China for three months. This led to a significant recovery in the quotes of digital assets.
Bitcoin (BTC) reached almost $82,000 on Thursday morning, showing impressive growth. XRP and ether (ETH) led the rise among the major cryptocurrencies, increasing their value by 12%. Cardano, BNB Chain, Solana and dogecoin (DOGE) showed growth of 10%, and the total capitalization of the crypto market increased by 6%.
Cryptocurrency futures recorded the liquidation of short positions in excess of $350 million, which was the highest level since the beginning of March. This helped offset the losses of the beginning of the week, when bitcoin temporarily fell to $75,000. Traders continue to monitor developments in order to adjust their positions in the face of instability.
Trump's decisions have repeatedly caused sharp fluctuations in markets, from falls to recovery. Such volatility opens up opportunities for profitable purchases, and you can invest in cryptocurrencies through bitcoin ETFs approved in the United States.
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