Bitcoin rallies near $90K as Trump tariff relief triggers $1B crypto liquidation event

A sudden shift in U.S. trade policy has sent shockwaves through the digital asset market, with Bitcoin climbing 2% to $89,900 and triggering more than $1 billion in total liquidations across derivative markets. The market rebound follows statements from President Donald Trump signaling a retreat from proposed tariff increases on the European Union. Ethereum (ETH) similarly climbed 2% to trade at $2,995, while Solana (SOL) rose 2% to reach $130.