$1.24 Billion in Bitcoin Added to Corporate Treasuries This Week

BTC price today: Bitcoin has recorded a surge of nearly 2%, indicating a renewed market confidence towards the flagship crypto. Notably, the crypto market has recorded volatile trading lately, especially as President Donald Trump’s Tariff policy has dampened market sentiment, triggering a massive selloff in the broader financial market. However, with recent indications of further tariff relief, the investors seem to be entering the digital assets space again today.

BTC Price Today Soars Amid Trump’s Tariff Relief

Bitcoin price surged nearly 2% today as global financial markets reacted to recent comments from Donald Trump. The US President hinted at easing certain trade barriers, sparking renewed interest in digital assets. Investors, previously spooked by tariff escalations, appear to be shifting focus back to crypto.

Bitcoin traded at $85,896k, after touching a high of $85,926 in the last 24 hours. However, its one-day volume fell nearly 6% to $28.58 billion while CoinGlass data showed that BTC Futures Open Interest rose around 1%, reflecting renewed market confidence.

Meanwhile, this rebound in the financial market comes as Trump suggested possible exemptions from the steep 25% tariffs on imported vehicles. This potential relief for key partners like Mexico and Canada has calmed nerves in a market rattled by protectionist policies.

According to reports, Trump’s administration has also walked back some earlier tariffs. Notably, gadgets like smartphones, laptops, and other tech products from China are now off the hook.

However, despite the softer rhetoric, uncertainty looms. Reports suggest the administration may target new areas, such as pharmaceuticals and semiconductors. These sectors are critical to global trade and could face steep duties. Tensions with China remain high, with certain goods still facing tariffs up to 145%, while China maintains retaliatory measures of 125%.

Crypto Market In Focus

Amid the looming market uncertainty, investors are once again shifting their focus towards the digital assets space, especially Bitcoin. Besides, the Trump administration is reportedly considering using tariff revenues to purchase BTC, which has further fueled market sentiment.

Besides, the recent meeting between Donald Trump and BTC president Nayib Bukele has further bolstered market sentiment. On the other hand, the US government is exploring ways to accumulate more BTC, according to Bo Hines, Executive Director of the Presidential Digital Asset Advisory Committee.

This move is part of President Trump’s commitment to make the US a global crypto leader. The government is considering using tariff revenues to fund a national Bitcoin reserve, signaling a potential shift in economic strategy.

With BTC currently trading near $86K, the administration’s plan could redefine digital assets’ role in the US economy. Besides, it could also help continue its run towards the run ahead.

Meanwhile, as BTC price today recorded a robust surge, analyst Michael van de Poppe has shared key insights on the potential future trajectory of the coin. In a recent X post, Poppe said that if BTC breaks through $87K, it could potentially target $92K to $94K in the coming days.

The post BTC Price Today: Bitcoin Nears $86K Amid Waning Trump’s Tariff Woes appeared first on CoinGape.

Coinbase SOL Updates:- In a good news for the crypto users and investors, Coinbase has announced the much anticipated upgrade in its Solana infrastructure.

These updates are particularly soothing to the users who had faced significant struggles on Coinbase exchange and its wallet during January.

While announcing the upgrades, the exchange said that it has been working very hard to scale its Solana infrastructure since then.

Notably, Solana’s memecoin trading-driven surge has pushed the exchange’s Solana stack to ten times higher than its actual throughout.

What are the new Upgrades in Coinbase Solana Infra?

In early 2025, Coinbase users took to social media to vent our their frustration in the exchange’s long transactions time for Solana.

A user had reportedly said that two transactions from a Solana wallet to coinbase took him more 10 hrs – to get completed.

Now in order to solve this, Coinbase as part of its new updates has shifted to asynchronous transaction handling.

This means that its systems can now process transactions blocks in parallel. Previously, transaction blocks were processed sequentially, which created bottlenecks under heavy load.

According to the largest US exchange’s X post, this will improve its block processing throughput by 5 times.

This change alone is expected to slash wait times for transaction confirmations. This means that high‑volume periods will no longer compromise user experience or liquidity flows.

Hey @coinbase and @CoinbaseSupport

34 hours this is the most ridiculous thing I’ve ever seen by you guys, I’m starting to get pretty mad .

Release the money by the morning or next I’ll be contacting a lawyer pic.twitter.com/4S7beJ6cow

— Shiba King (@Shiba_King1991) January 21, 2025

Coinbase Shifts to Bare‑Metal Machines and Enhance liquidity

In addition to software tweaks, Coinbase has migrated critical components of its Solana stack onto dedicated bare‑metal servers rather than virtualized cloud instances.

Virtual machines (VMs) run on top of something called a hypervisor, which is like a middleman between the software and the actual computer. This middleman uses up some of the computer’s power (CPU and memory), which can slow things down.

But the newly adopted bare-metal servers skip that middleman. According to IBM, they let the software run directly on the hardware, so Coinbase’s systems can use 100% of the server’s power.

In simple terms, this means faster processing, quicker responses from the system, and smoother handling of Solana transactions.

According to the exchange, this shift can deliver roughly a four‑fold improvement in remote procedure call (RPC) speed – allowing faster queries and state reads on the Solana ledger.

Further, Coinbase has also deployed back‑end optimizations to ensure better distribution of SOL liquidity across its order books and custody wallets. Its enhanced monitoring tools would now track on‑chain and off‑chain liquidity metrics.

These “operational changes” would give Coinbase’s operations team finer‑grained oversight to prevent order execution delays and maintain deep, frictionless liquidity for Solana assets.

Further, these updates to the exchange’s Solana ecosystem come as Canada approves and launches first Spot Solana ETFs this week.

Upgrade for Transaction Failures

To bolster resilience, the exchange has also introduced advanced failover augmentations. This will automatically reroute traffic in the event of node failures or network congestion.

The upgrade implements multi‑region redundancy and health‑check protocols that detect performance degradation in real time.

If a node underperforms or becomes unresponsive, traffic would immediately shifts to healthy nodes without manual intervention. This will help in guarding users against partial outages or cascading failures that have previously led to stalled transactions.

Bullish Market Reaction

News of the Coinbase Solana infrastructure improvements has already created ripple effects across the Solana markets.

As of writing, SOL’s price has climbed by 6% to its highest level in April – trading around $136 – today. This has ended up outperforming many top cryptocurrencies – XRP, BTC, ETH – as investors viewed the upgrades as a bullish signal for on‑chain activity and exchange confidence.

Notably, SOL Price is also driven by the Solana ETF approval in Canada.

The upgrades become all the more important as Solana’s on‑chain trading continues to grow.

Particularly driven by the memecoin trading volume, its current state stands at over $15 billion in DEX transactions during the past seven days alone. Surprisingly, this has surpassed every other chain in this time frame.

The post Coinbase Updates Solana Infrastructure – What the Key Changes Mean appeared first on CoinGape.