Crypto markets rebound as Trump reconsiders tariff measures
By John Nada·Jan 22, 2026·3 min read
Cryptocurrency markets show resilience as major assets rebound amidst political developments and corporate moves like BitGo's IPO announcement and regulatory discussions.
In a significant development for the cryptocurrency landscape, major digital assets experienced a notable rebound following President Trump's announcement to reconsider proposed tariffs on the European Union. Bitcoin surged by 2% to reach $89,900, while Ethereum also climbed 2%, landing at $2,995. Solana followed suit with a similar increase, rising to $130, and XRP gained 3% to $1.94. This positive momentum comes as the broader crypto market saw a wave of liquidations exceeding $1 billion, reflecting traders' swift reactions to changing political sentiments.
The market's recovery is particularly interesting against the backdrop of ongoing regulatory discussions. Vitalik Buterin, co-founder of Ethereum, recently proposed the integration of native decentralized validator staking, aimed at enhancing Ethereum's security and decentralization. This proposal underscores the ongoing experimentation within blockchain protocols, potentially setting the stage for future enhancements.
In corporate news, BitGo announced plans for an initial public offering (IPO) at an anticipated price of $18 per share, valuing the company at approximately $2 billion. This move could signal growing institutional interest in cryptocurrency infrastructure and services, positioning BitGo as a key player in the evolving market landscape.
On the regulatory front, there are significant developments in the United States. The Senate Agricultural Committee confirmed that its version of the Clarity Act will proceed to markup next week, despite existing divisions over bipartisan support. Meanwhile, President Trump expressed optimism about signing the upcoming crypto market structure bill, although legislative hurdles remain.
In a noteworthy initiative, mortgage lender Newrez is exploring the potential for incorporating Bitcoin and Ethereum in mortgage qualification assessments. By applying discounted valuations to these volatile assets, Newrez aims to broaden access to home financing, which could have profound implications for both the mortgage and cryptocurrency markets.
Internationally, Hong Kong regulators are moving forward with a framework to issue stablecoin licenses, imposing stringent compliance and operational requirements. This development could foster a more structured environment for digital currencies in the region and enhance regulatory clarity.
In Russia, courts have ruled that cryptocurrencies qualify as property under the law, setting a legal precedent that may influence future criminal and civil cases involving digital assets.
However, the crypto landscape isn't without its challenges. Saga's EVM blockchain recently halted operations following a $7 million hack, with stolen funds identified as being bridged to Ethereum. Such incidents raise ongoing concerns about the security of blockchain infrastructures and the need for robust measures to protect assets.
On a lighter note, Steak ’n Shake has launched a Bitcoin bonus program, enabling hourly employees to earn a portion of their compensation in Bitcoin. This initiative reflects a growing trend of mainstream companies integrating cryptocurrencies into their employee compensation structures, further bridging the gap between traditional finance and the digital currency realm.
As these developments unfold, investors and industry participants will be closely monitoring both market movements and regulatory changes. The interplay of political decisions, corporate strategies, and legal rulings will undoubtedly shape the future trajectory of the cryptocurrency ecosystem. What remains to be seen is how these advancements will influence the broader acceptance and integration of digital assets into everyday financial practices.