Cryptocurrency market charted an impressive recovery last week

The cryptocurrency market experienced a buoyant recovery last week, supported by some relief from President Donald Trump's tariff measures.

What Happened: Among the prominent movers was Onyxcoin, the governance and utility token of the Web3 protocol Onyx, which shot up an impressive 134%.

The spike in Onyxcoin's price came after Binance announced the listing of the coin's futures contract on Friday.

"Binance will launch the USDⓈ-M $XCN Perpetual Contract at April 11 2025, 15:30 (UTC)."@binance will list the futures contract for Onyxcoin.

Year-to-date, Onyxcoin has surged an astounding 725%, making it the second most successful cryptocurrency in 2025.

The Solana-based meme coin Fartcoin followed closely with a 88% to post its second straight week of gains. The meme coin has been performing exceptionally well this month, surging over 60%.

However, the rally unfolded amidst acute uncertainty surrounding Trump's tariff policies, which could still pose challenges.

Highlighting the bullish momentum, JasmyCoin, the utility token of the Jasmy platform, experienced a 75% to claim the third spot in the top performers' list. The Ethereum-based cryptocurrency, which is focused on decentralized data management and control for users, reversed the downsides from the previous week.

The U.S. president announced a 90-day pause on tariffs that were set to take effect on Friday on a wide range of goods imported into the United States, including furniture, clothing, and seafood.

Additionally, Trump exempted consumer electronics and semiconductors, including those from China, from reciprocal tariffs that were threatened in response to existing levies on U.S. products.

This move signaled a potential de-escalation in the trade war between the U.S. and China, which could have positive implications for the cryptocurrency market.

As the dust settles on an eventful first half of 2025, the cryptocurrency market is showing signs of resilience and adaptability in the face of macroeconomic headwinds.

With a slew of bullish catalysts, the crypto sphere is poised to continue its remarkable journey in the second half of the year.

Among the large-cap altcoins, XRP, Solana, and Cardano clocked double-digit gains of 20%, 31%, and 18%, respectively. Similarly, Dogecoin and Shiba Inu rose 18.58% and 12.37%, respectively, as the bullish resurgence impacted the meme coin sector as well.

Overall, the total cryptocurrency market capitalization expanded by 9.38% for the week to $2.68 trillion.

The recovery followed a 90-day pause on tariffs on goods imported into the U.S. Additionally, Trump exempted consumer electronics and semiconductors, including those from China, from reciprocal tariffs.