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The cryptocurrency market is experiencing a widespread surge, with BTC nearing $94,000 and ETH rising nearly 11%

ChainCatcher news indicates that, based on SoSoValue data, the crypto market has seen a broad increase due to multiple positive factors, including Trump's easing of tariff policies and a reaffirmation of plans to lower interest rates as soon as possible, with a general 24-hour increase of about 2% to 11%. Among them, Bitcoin (BTC) rose by 4.59%, nearing $94,000 at one point. Ethereum (ETH) increased by 10.94%, breaking through $1,700. Additionally, the Meme sector led with an increase of 11.20%, with Shiba Inu (SHIB), OFFICIAL TRUMP (TRUMP), Dogecoin (DOGE), and Pepe (PEPE) rising by 8.63%, 9.92%, 11.21%, and 12.06% respectively over 24 hours.Notably, MAG7.ssi rose by 6.68%, DEFI.ssi increased by 8.11%, and MEME.ssi rose by 12.16%.In other sectors, the Layer2 sector increased by 7.62% over 24 hours, with Mantle (MNT) and ex-MATIC (POL) rising by 5.80% and 8.66% respectively; the DeFi sector rose by 7.41%, with Chainlink (LINK) and Uniswap (UNI) increasing by 8.04% and 11.10% respectively; the AI sector rose by 5.47%, with KAITO and Virtuals Protocol (VIRTUAL) increasing by 12.55% and 25.36% respectively; the PayFi sector rose by 4.71%, with Telcoin (TEL) increasing by 14.25%; the Layer1 sector rose by 4.54%, with Avalanche (AVAX) and Sui (SUI) increasing by 12.06% and 23.44% respectively; the CeFi sector rose by 1.91%, with Cronos (CRO) increasing by 10.94%.Furthermore, the crypto sector indices reflecting historical market trends show that the ssiNFT, ssiMeme, and ssiGameFi indices rose by 11.53%, 11.16%, and 10.51% respectively.

4E: Expectations of trade easing ignite the market, with US stocks and the crypto market soaring

ChainCatcher news reports that according to 4E monitoring, Trump made remarks on Tuesday indicating a softening of tariff policies, stating that the tariffs on China are too high and that a significant reduction in rates is expected. With optimistic expectations for China-U.S. tariff negotiations, global trade tensions eased, boosting risk sentiment and leading to a surge in U.S. stocks. The S&P 500 rose by 2.5%, the Dow Jones increased by 2.66%, and the Nasdaq climbed by 2.71%. Major tech stocks recovered from the previous day's losses, with the seven giants index rising by 2.84%.The cryptocurrency market saw a collective rise, with Bitcoin continuing its strong performance. After breaking through the $90,000 mark last night, it accelerated its rise and, following Trump's retraction of his earlier threat to fire Federal Reserve Chairman Powell, it briefly approached $94,000 this morning, reaching a new high since early March, currently reported at $93,063, with a daily increase of 5.6%. Ethereum reversed its recent downturn, surging by 14% and breaking through $1,800. The altcoin market also rose collectively, with the total cryptocurrency market capitalization increasing by 5.4%.In the forex commodities market, the U.S. dollar index rebounded significantly by 0.65%, and international crude oil rose nearly 2%; as risk appetite improved, international gold prices, which had reached new highs for several consecutive days, retraced some gains, with spot gold down 1.25%.Trump's remarks on tariff softening and his moderate stance on Powell shifted the investment atmosphere from previous concerns to optimism. Moving forward, the progress of trade negotiations and the direction of Federal Reserve monetary policy will become the focus of attention.
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