The post Crypto Market Rallies After Trump’s 90-Day Pause on Tariffs appeared on BitcoinEthereumNews.com.

Donald Trump announced today that he’s instituting a 90-day pause on all tariffs except those on China. Bitcoin has surged over $80,000, while altcoins like XRP, Solana, and Cardano surged more than 10% in just minutes of the announcement. The Dow Jones and stock market reacted similarly, surging by 2,000 points after the news. The US President has now added a total of 125% tariff on China, while pausing others. Trump Reverses Tariff Plan Since Donald Trump has made huge tariffs a cornerstone of his financial policy, the markets have reacted with massive uncertainty. For example, over $1 billion was liquidated from crypto markets this Monday, and false rumors of possible relief triggered more than $1 trillion in market gains. In other words, the markets were very pessimistic that tariffs would cause a US recession. When Trump implemented 104% tariffs on China last night, crypto fell, and it fell again when China retaliated this morning. Today, however, Trump has made a surprising reversal. Although he is increasing tariffs against China to 125%, he is repealing those on other nations. Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off… — Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) April 9, 2025 This news immediately caused a substantial rally in the markets. At 1:30 PM Eastern Time, the Dow Jones responded by shooting upwards over 2000 points, and this was mirrored in other high-profile stocks. The markets have been desperate for a form of relief, and it looks like it’s here. Dow Jones Reacts to Tariff Relief. Source: Google Finance Still, the…

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Filed under: News - @ April 10, 2025 12:30 am