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Crypto Market Recovers Following Trump's Shift on Tariffs
The crypto market rallies as Bitcoin and Ethereum surge after Trump's tariff comments, with major coins posting significant gains.
Mercation Admin
January 22, 2026 1 min read
The cryptocurrency sector is witnessing a revival as prices surge following former President Trump's recent change of heart regarding European Union tariffs. Bitcoin has climbed 2% to $89,900, with Ethereum also seeing a 2% increase to $2,995. Solana matched this trend with a 2% rise, now valued at $130, while XRP experienced a notable 3% uptick, reaching $1.94. Prominent gainers include Chainlink, which soared 15%, along with Sky and Sandbox, which rose by 11% and 10%, respectively. This positive shift comes after over $1 billion worth of liquidations, as Bitcoin rebounded sharply after Trump hinted at retracting proposed tariffs.
In related news, Ethereum co-founder Vitalik Buterin has proposed introducing native DVT staking to bolster Ethereum's decentralization and security, reflecting ongoing advancements at the protocol level. Meanwhile, BitGo has revealed intentions to launch an IPO, setting its share price at $18, positioning its valuation around $2 billion.
The Senate Agriculture Committee has confirmed that its version of the Clarity Act will proceed to markup next week, despite a lack of bipartisan support. In a pioneering approach, mortgage lender Newrez is exploring the option of allowing Bitcoin and Ethereum to be considered in mortgage qualifications, applying discounted valuations to mitigate crypto volatility.
Regulatory developments are also noteworthy, with Hong Kong's authorities preparing to issue stablecoin licenses under a new framework emphasizing strict compliance. Additionally, a ruling from Russian courts has categorized cryptocurrencies as property, establishing a crucial legal precedent for digital assets in the country.
Trump remains hopeful about soon signing the crypto market structure bill, even as it faces legislative challenges. In cybersecurity news, Saga's EVM blockchain has paused operations following a $7 million hack, with the stolen funds bridged to Ethereum. Lastly, Steak ’n Shake has launched a Bitcoin bonus initiative for hourly workers, allowing them to receive part of their wages in BTC.



