The crypto market is experiencing a rebound, led by XRP and Ethereum, which saw increases of 4.5% and 2.7%, respectively. This resurgence comes after a week of slumping prices, as President Trump announced new tariffs of up to 41% on various trade partners, including China, the EU, Canada, Mexico, and the UK. The market's slight recovery is highlighted by the performance of Ethereum-based stablecoin DeFi protocol Ethena, which surged by 10.8%. Despite these gains, many cryptocurrencies remain down compared to the previous week. Overall, the global crypto market cap rose by nearly 1%, although major cryptocurrencies like Bitcoin and BNB traded flat. This rebound is set against a backdrop of market uncertainty due to geopolitical tensions and economic instability, as indicated by an S&P 500 drop of 3.33%.

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