Crypto recoups earlier losses from trade war sell-off, bitcoin climbs toward $90,000

Ripple-related XRP and Cardano's ADA , two of the smaller cap coins mentioned in Trump's surprise announcement, rose 4% and 9%, respectively. Solana's SOL token was in the red but trading off its lows. The flagship cryptocurrency was last higher by nearly 2.5% at $87,883.49, according to Coin Metrics, and off its all-time high by 19%. Ether rose about 2% to about $2,100 after earlier dropping to a November 2023 low. Crypto reversed most of its losses Tuesday afternoon, with the price of bitcoin climbing back toward the key $90,000 level. Stocks tied to the price of bitcoin also clawed their way back into the green. Coinbase rallied more than 5%, while the bitcoin proxy stock Strategy , formerly known as MicroStrategy, jumped 11%. Pure play bitcoin miners were all higher, with Mara Holdings gaining 6%. Robinhood rose slightly. Risk assets including cryptocurrencies suffered steep declines on Monday as traders grappled with concerns that proposed tariffs were on track to take effect. ... Read full article.