Global financial markets soared on Wednesday after U.S. President Donald Trump revealed a 90-day tariff freeze for over 75 countries, excluding China. This unexpected move ignited a powerful rally in stocks and cryptocurrencies. Bitcoin (BTC) skyrocketed nearly 10%, hitting $82,390, and delivered one of its best single-day gains in months.
Bitcoin Breaks Free From Bearish Slump
After a rocky week fueled by trade war jitters, Bitcoin roared back with force. CoinMarketCap reports show BTC jumping 9.85% in 24 hours as investors flooded the market with buy orders following Trump’s tariff news. Trading volumes exploded 67.25%, reaching over $83 billion, signaling fresh excitement and trust in the market.
As of now, Bitcoin holds steady near $82,070, bouncing back from a recent drop to $74,000—its lowest point since November. The price surge also crushed short sellers. Coinglass data reveals that Trump’s social media post triggered over $75 million in Bitcoin short liquidations within an hour.
Trump Unveils Bold Tariff Plan
President Trump dropped two game-changing updates via Truth Social on Wednesday, flipping market moods:
- He hiked tariffs on Chinese imports to 125%, citing their “lack of respect” for global trade rules.
- He granted a 90-day tariff break to over 75 countries, slashing reciprocal rates to 10% during the pause.
Trump declared:
“China shows no respect for world markets. I’m raising their tariff to 125%, effective now. At the same time, I’m pausing tariffs for other nations for 90 days while we negotiate.”
This dual strategy eased immediate market tension while keeping pressure on trade rivals.
Markets Rally Across the Board
Financial markets erupted in a unified surge:
- The S&P 500 leaped over 6%, its biggest daily jump since 2008.
- Nasdaq, Dow Jones, and Russell 2000 each climbed more than 5%.
Top altcoins joined the party with double-digit gains:
- Ethereum (ETH) rose 7.1% to $1,633.
- Solana (SOL) shot up 14.3% to $115.
- XRP soared 12.6%, nearing $2.
The global crypto market cap topped $2.6 trillion, fueled by an 8% spike in the GMCI 30 index. Crypto-related stocks also cashed in:
- MicroStrategy (now Strategy) surged 23%.
- Coinbase gained 17%.
- Robinhood rocketed 24%.
Analysts Weigh In: Relief, Not a Fix
Experts see Trump’s move in different lights. Ben Kurland, CEO of crypto research firm DYOR, noted:
“Trump’s 90-day pause buys breathing room. It calms markets without losing his edge. Still, it’s too short to spark major investment or supply chain shifts.”
Zach Pandl, Grayscale Investments’ Head of Research, took a broader view:
“Bitcoin might track stocks for now. Long-term, investors should brace for a weaker dollar and inflation from ongoing trade battles.”
Volatility Lingers Despite Gains
Bitcoin’s quick climb from below $75,000 inspires hope, but analysts warn of fragility. Just days ago, fake tariff rumors sent the S&P 500 up 8% before it crashed 3.5% in minutes. These wild swings show how policy headlines still rattle markets, especially with crypto lacking strong internal growth drivers.
Upcoming Triggers to Watch
Investors now eye key economic releases that could sway crypto and traditional markets:
- FOMC Meeting Minutes: Hints at Federal Reserve rate plans.
- U.S. Consumer Price Index (CPI): A snapshot of inflation.
- Producer Price Index (PPI): Insight into cost pressures.
Set for April 9–11, these reports could steer interest rate bets and risk-on investments like crypto.
What’s Next for Bitcoin?
Trump’s tariff timeout injected optimism into global markets, especially crypto. Bitcoin’s push past $82,000 highlights renewed hunger for digital assets. Yet, macroeconomic and geopolitical risks still loom large.
Stay sharp, skip rash moves, and track U.S. economic data to see if this rally holds—or fades fast.
