Leading cryptocurrencies rose slightly on Sunday after President Donald Trump delayed tariffs on European Union imports by over a month.
CryptocurrencyGains +/-Price (Recorded at 8:30 p.m. ET)
$BTC /USD +1.00% +1.18%$109,221.97
$ETH /USD +2.00% +0.95%$2,555.88
Dogecoin
$DOGE /USD+2.00% -0.05%$0.2253
What Happened: Bitcoin jumped to an intraday high of $109,775.28 overnight, lifting Ethereum and the broader market by a few notches. The second-largest cryptocurrency sailed past $2,550.
The rise comes after Trump agreed to delay the 50% tariffs on European Union imports until July 9 from June 1, following a call with European Commission President Ursula von der Leyen.
Stocks and cryptocurrencies were pulled lower Friday after Trump threatened to impose 50% levies on one of its biggest trading partners. Bitcoin's red-hot rally was halted, and it fell as low as $107,500.
Over $200 million was liquidated from the cryptocurrency market in the last 24 hours, with longs accounting for $114 million.
Ethereum’s dominance increased to 1.68%, while altcoins’ share of the market dropped below 28%.
