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Cryptocurrency markets have been booming recently. Bitcoin broke through the $92,000 mark, Ethereum stabilized around $3,120, and Ripple also surpassed $2.10. Basically, all major cryptocurrencies are on the rise, and market sentiment is clearly warming up.
An important catalyst behind this rally is the U.S. Supreme Court delaying a ruling on tariff policies. This decision directly alleviated the uncertainty that was previously hanging over the market. The market responded quickly, with approximately $39 million in short positions being liquidated.
The White House also sent a signal, indicating that if necessary, there are other legal avenues to maintain trade policies. This policy-level certainty is a positive for the crypto market, at least in the short term, removing the need for further speculation.