Ethereum and Solana experienced a significant recovery after President Donald Trump announced a tariff pause on Canada, following a similar measure for Mexico. Ethereum, the second-largest cryptocurrency, rebounded to $2,881 from a weekend low of $2,135, marking an 18% drop during frantic trading. Despite the earlier turmoil, Solana showed resilience, climbing 13.5% to $216 from an intraday low of $190. Market analysts noted that AI-related tokens also contributed to this rebound, with trading volume for SOL increasing by 27%. The sell-off originated from fears of inflation linked to proposed tariffs and led to over $2.2 billion in liquidations within the crypto derivatives market. Eric Trump publicly endorsed Ethereum on social media, coinciding with substantial transfers involving the Trump-backed World Liberty Finance, facilitating transactions worth approximately $60 million, primarily in Ethereum. This overall development reflects a temporary easing of prior market anxieties due to geopolitical tensions.

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