Following a similar deal with Mexico that lessened concerns about an escalating North American business conflict, President Donald Trump extended his tax pause to Canada on Monday night.

The world’s second-largest crypto bounced back to$ 2, 881 after plummeting to$ 2, 135 during Asian trading hours, a drop that marked its steepest single-day decline since May 2021.

The 18 % crash during manic Monday trading in the U. S. morning wiped out more than$ 600 million in Ethereum futures positions, reported.

Meanwhile, Solana demonstrated greater resilience, climbing 13.5 % to$ 216 from its intraday low of$ 190. Solana remains much changed at$ 218, data shows.

The treatment outpaced Ethereum’s benefits, showing SOL’s growing power in sectors such as meme-coin dealing and decentralized financing. According to GeckoTerminal information, SOL’s buying volume increased by 27 % on the day.

” Powerful performers this period, such as SOL and XRP, led the restoration, as AI-related currencies, which were among the worst players yesterday, rebounded”, Min Jung, an scientist at Presto Research, told .

According to Jung, the delay in taxes for Mexico and now Canada “provided an extra bet for SOL.”

After Trump threatened to impose tariffs on America’s largest buying partners, which sparked fears of inflation and tighter monetary policy, the market tumult started.

The sell-off from political tensions triggered over$ 2.2 billion in crypto compounds foreclosures, marking one of the worst in the company’s history.

However, some observers, including CEO of Bybit Ben Zhou, believe the number may be underreported according to API restrictions on exchange data.

ETH’s treatment “initially lagged” but” saw a powerful bounce”, times after Eric Trump posted on X about the blockchain, Jung noted.

” In my opinion, it’s a great time to put ETH”, Eric Trump said on the social media platform.

Notably, Trump removed” You may thank me later”. as a next word, the article’s processing history shows.

The son of the government’s son came after World Liberty Finance, a fragmented finance organization that the Trump family supported, made considerable wallet transfers on Monday afternoon.

In synchronized transactions around 3 P. M. ET, World Liberty Fi’s Gnosis Safe Proxy executed multiple transfers totaling approximately$ 60 million, with$ 55.69 million in Ethereum and$ 5 million in USDC.

On Arkham, flow exchanges were tracked, with the majority going to Coinbase Prime deposits. The largest one transport was fair$ 28 million, according to the blockchain tracking system.

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