Crypto market sees gains as Trump withdraws tariff proposals; BitGo to launch $2.1 billion IPO; Solana’s SKR token surges 250% in FDV

Following a shift in tariff proposals by Trump, Bitcoin has risen 2% reaching 89,900 USD, while Ethereum is at 2,995 USD, Solana at 130 USD, and XRP has increased by 3% to 1.94 USD.

BitGo plans to go public at 18 USD per share, estimating a valuation around 2 billion USD, amidst significant market liquidations exceeding 1 billion USD due to the bullish price movements.

The Senate Agriculture Committee confirmed progress on the Clarity Act while Hong Kong begins implementing strict regulations for stablecoins, and Newrez is considering accepting Bitcoin and Ethereum for mortgage qualifications.