Bitcoin (BTC) gains 3% in the last 24 hours, climbing from $84,000 to $88,600 following reports of less severe US tariffs on major trading partners.
Altcoins like Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) outperform Bitcoin's surge in the 24-hour time frame to be the top gainers in the ten largest cryptocurrencies list.
The Trump administration may opt for a narrower approach on tariffs, focusing solely on reciprocal tariffs, signaling a tempering of the administration's approach to a 'potential trade war'.
The positive sentiment surrounding Bitcoin extends to the broader cryptocurrency market, with nearly all of the top 10 cryptocurrencies by market capitalization experiencing gains.