On April 23, U.S. President Donald Trump announced that his administration may significantly reduce import tariffs on Chinese goods, affirming that future tariff levels will be much lower than the previously feared 145%.
Following this positive statement, a wave of optimism quickly spread across global financial markets.
The cryptocurrency market joined the rally, with Bitcoin (BTC) surging past the $93,000 mark, while Ethereum (ETH) saw a strong recovery, climbing back to $1,800.
The impressive gains among major crypto assets pushed the total global crypto market cap to $2.91 trillion, marking a 5.82% increase in the past 24 hours.
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