Why Crypto Market is Up Today: Trump Tariffs Delay, ETF Inflows Effect
The world crypto market now looks strong with a combined market capitalization of $3.57 trillion that went up by 0.7% over the last 24 hours. The trade volume stands at $92.9 billion, according to CoinGecko. The Fear and Greed Index is 73, indicating "Greed," so investors are optimistic.
Why Crypto Market is Up Today?
Trump Tariff Delay Fuels Market Hope: The biggest market-moving news today is out of the US government. President Trump officially postponed his proposal to start 50% tariffs on European Union imports, previously scheduled to begin on June 1. Instead, a new deadline has been set for July 9 to give more time for trade talks.
This delay came after discussions with European Commission President Ursula von der Leyen. It helped calm fears about a global trade war. As a result, European markets went up, the euro reached its highest point since April 30, and investors became more hopeful about a fair trade deal. This positive mood also spread into the crypto space, lifting major digital assets.
ETF Inflows and Strong Altcoin Moves Fuel crypto Rally: Another key reason behind the market’s rise is the growing demand for Bitcoin and Ethereum ETFs. On May 23, Bitcoin ETFs saw $211.74 million in net inflows, bringing total ETF assets to $131.39 billion, as per SoSoValue data. That’s now over 6% of Bitcoin’s total market cap. This shows rising trust from large institutional investors.
Source: SoSoValue
Ethereum is not far behind. It recorded $58.63 million in inflows the same day. Its ETF assets now stand at $9.12 billion, making up nearly 3% of Ethereum’s market cap. This kind of strong interest is a big reason why investors are confident.
Source: SoSoValue
Liquidation Heatmap: It shows Ethereum (ETH) had $1.23 million in liquidations in the last hour, as per Coinglass data. That means many traders were caught off guard as prices moved quickly—usually a sign of active buying pressure. Other coins like Solana, SUI, and COOKIES also saw big liquidations, which pushed prices higher.
Source: Coinglass
Leading cryptocurrency assets are in the green today. Bitcoin price rose 2.51% in the past 24 hours, now trading around $109,837. Ethereum is at $2,566.43, while Solana jumped by 9.90% to hit $177.14. XRP also climbed 1.54% to $2.34. These gains across big names are helping the entire sector move upward.
What’s Next for the Market? Watch U.S. Economic Data Closely
While today’s performance is strong, investors should keep an eye on what’s coming next. The Fear and Greed Index has stayed in the “Greed” zone for over a week now. This shows people are still hopeful, but the mood can change quickly.
Upcoming U.S. economic reports will play a big role in where it goes from here. The release of the FOMC meeting minutes, April PCE inflation data, and Q1 GDP figures could impact the next trend. The Federal Reserve is also expected to speak soon, which may hint at future interest rate moves.
If these events turn out positive, investor trust in crypto could grow even more. But if the result is adverse, then it may see a pullback. Hence, traders must be cautious.
Conclusion
The crypto industry is looking healthy today because of Trump's hesitation to introduce new tariffs, increasing ETF inflows, and good performances from coins such as Bitcoin and Solana. Investors remain hopeful according to the Fear and Greed Index, but events in the U.S. in the near future may make things go differently. It's time of hope but also fear for the community, and price forecasting will largely be based on future economic releases.
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