Ethereum and Cardano Lead Crypto Rally Amid Easing Tariff Tensions

Cardano (ADA) and Ethereum (ETH) soared over 14% in the past 24 hours, leading a broad crypto rally sparked by renewed optimism over U.S.-China trade tensions. Bitcoin (BTC) surged past $93,500 late Tuesday, gaining 6.5%, while Solana (SOL), XRP, and BNB rose around 8%. Meme coins dogecoin (DOGE) and shiba inu (SHIB) jumped 11%, and midcap Sui Network (SUI) led with a 30% surge.

Total crypto market capitalization climbed 4.4% to $3.03 trillion, while the CoinDesk 20 Index (CD20), a proxy for major crypto assets, rose 5%. The rally was driven by U.S. President Donald Trump’s pledge to significantly lower tariffs on Chinese goods and reassurance that Federal Reserve Chair Jerome Powell would not be dismissed.

Market analysts see Bitcoin strengthening its identity as a store-of-value asset, increasingly decoupled from traditional equities. Nick Ruck of LVRG Research noted BTC’s price movement now responds less predictably to U.S. macro headlines, underlining its growing role as “digital gold.”

Jupiter Zheng of HashKey Capital added that with gold reaching all-time highs, BTC could continue shedding its correlation with U.S. stocks. Meanwhile, Augustine Fan from SignalPlus observed that gold and BTC are gaining mostly during Asian trading hours, possibly due to central banks reallocating out of USD into alternative safe-haven assets.

With inflation and geopolitical risks persisting, Bitcoin’s store-of-value appeal appears to be resonating more broadly with institutional and retail investors alike, hinting at further upside potential as confidence in traditional financial systems wavers.