Bitcoin Surges Amid Trump's Tariff Pause Announcement

Updated: 09 Apr 25
3mins
Bitcoin surged over 7%, surpassing $82,000, following President Trump's surprise announcement of a 90-day pause on reciprocal tariffs for 75 countries. The move, which temporarily eases global trade tensions, also boosted altcoins like Ethereum, XRP, and Solana. Analysts suggest the tariff pause may signal a more flexible market environment, driving increased interest in cryptocurrencies as a hedge against volatility. Crypto-related stocks, including Coinbase and MicroStrategy, also saw significant gains, reflecting renewed investor optimism.

Bitcoin and Altcoin Market Rally

Bitcoin surged past $82,000 following a key announcement from President Trump regarding a 90-day suspension of reciprocal tariffs. This development spurred optimism across financial markets, leading to increased risk appetite among investors. Bitcoin's price reached $82,450 during intraday trading, marking a 7.4% rise. Altcoins such as Ethereum and Solana mirrored this rally, with Ethereum gaining 9%, Solana jumping 12%, and Ripple's XRP climbing 10%.

The tariff suspension alleviated concerns over escalating trade tensions, which had previously weighed on market sentiment. Cryptocurrencies, often regarded as speculative risk assets, benefited significantly from the renewed optimism. Analysts noted that Bitcoin's recent price surge was also aided by a short squeeze, liquidating over $75 million in bearish bets within an hour.

Impact of Tariff Pause on Crypto and Stocks

The 90-day pause in reciprocal tariffs announced by President Trump had a notable ripple effect on both cryptocurrencies and crypto-linked equities. Shares of companies like Coinbase (COIN) and MicroStrategy (MSTR) experienced sharp gains, rising by 19% and 24%, respectively. Other crypto-related stocks such as Robinhood Markets (HOOD) and Riot Platforms (RIOT) also saw double-digit percentage increases.

The easing of global trade tensions temporarily improved investor confidence, driving both traditional equities and digital assets higher. Bitcoin, which had traded as low as $74,500 earlier in the day, rebounded sharply after the announcement and climbed to $83,000 in later trading. These developments underscored the interconnectedness of financial markets and the growing role of cryptocurrencies as a key segment within them.

Investor Sentiment and Market Outlook

The tariff suspension prompted a wave of cautious optimism among investors, with many viewing cryptocurrencies as a hedge against broader market volatility. Bitcoin's recent performance highlighted its resilience amid economic uncertainty, reinforcing its appeal as a diversifying asset in investment portfolios.

However, market analysts remain cautious about a sustained rally. While short-term relief has been evident, expectations of a quick recovery to previous all-time highs are tempered by macroeconomic challenges. Analysts also warned of potential volatility in both equities and cryptocurrencies, as markets adjust to evolving geopolitical and economic conditions. Despite these uncertainties, the long-term value proposition of Bitcoin and its role as a hedge against systemic risks continue to attract institutional and retail investors alike.

Source ImageSources
  • Bitcoin Surges Trump Pauses Higher Duties Nations
    yahoo
  • Bitcoin Hits $82,000 President Trump Announces 90-Day Pause Reciprocal Tariffs Countries China
    benzinga
  • Bitcoin, Crypto-Related Stocks Soar Trump Announces Tariff Pause
    yahoo
  • Bitcoin, Crypto-Related Stocks Soar Trump Announces Tariff Pause
    investopedia
Bitcoin and Altcoin Market Rally
Impact of Tariff Pause on Crypto and Stocks
Investor Sentiment and Market Outlook