Bitcoin rises above $79,600 on tariff negotiation hopes; Solana, Dogecoin jump over 6%

Cryptocurrencies rebounded sharply on Tuesday, with Bitcoin climbing above $79,600 as investor sentiment improved amid speculation that the U.S. may soften some of its proposed tariffs. The gains followed a broad selloff in recent sessions driven by concerns over global trade of 1:14 PM IST, Bitcoin was trading at $79,648, up 3.13% over the past 24 hours. It touched an intraday high of $81,119. Ethereum rose 2.14% to $1,584. The global cryptocurrency market capitalisation climbed nearly 3% to $2.52 recovery reflected a shift in global risk appetite, with U.S. Treasury yields rising from six-month lows, gold edging down, and oil bouncing back from near four-year lows. Traders appeared to rotate out of safe-haven assets and back into riskier bets, including digital currencies.“The crypto market is showing early signs of recovery, led by Bitcoin, Ethereum, and Solana,” said Alankar Saxena, Co-founder and CTO at Mudrex.“Bitcoin’s long-term holder supply continues to rise, indicating confidence despite recent volatility. If global trade tensions ease and macro data such as U.S. inflation comes in softer, it could further support this rebound.”According to Saxena, Bitcoin is currently trading near $80,700, with key resistance at $84,000 and support at $75,900.