Global markets erupted on Wednesday as U.S. President Donald Trump unveiled a 90-day tariff truce for over 75 countries, leaving China out. This abrupt shift unleashed a fierce rally in stocks and cryptocurrencies. Bitcoin (BTC) surged almost 10%, peaking at $82,390, and claimed one of its boldest daily wins in months.
Bitcoin Bounces Back With Fire
After a shaky week of trade war worries, Bitcoin roared into action. CoinMarketCap numbers show BTC climbing 9.85% in 24 hours, fueled by a buying spree tied to Trump’s tariff reveal. Trading volumes shot up 67.25% to over $83 billion, flashing signs of renewed trader zeal.
Bitcoin now hovers near $82,070, rebounding from a $74,000 slump—its lowest since November. The price spike also crushed bearish bets. Coinglass reports show Trump’s Truth Social bombshell erased over $75 million in Bitcoin short positions in just an hour.
Trump Drops a Tariff Double Play
Trump jolted markets with a Wednesday Truth Social post, announcing: Chinese import tariffs would rise to 125%, targeting what he called “trade disrespect.”
At the same time, over 75 countries would receive a 90-day tariff pause, with reciprocal rates cut to 10%.
Trump stated: “China scoffs at fair markets. I’m hiking their tariff to 125% today. For others, I’m holding off 90 days to negotiate.”
This combo lifted short-term stress while flexing muscle in trade talks.
Markets Ignite Across All Fronts
The surge hit everywhere:
- The S&P 500 rocketed over 6%, its top day since 2008.
- Nasdaq, Dow Jones, and Russell 2000 all leaped past 5%.
Altcoins joined the charge:
- Ethereum (ETH) gained 7.1%, reaching $1,633.
- Solana (SOL) soared 14.3% to $115.
- XRP climbed 12.6%, nearing $2.
The crypto market cap blasted past $2.6 trillion, driven by an 8% jump in the GMCI 30 index. Crypto-tied stocks also flew:
- MicroStrategy (now Strategy) spiked 23%.
- Coinbase rose 17%.
- Robinhood surged 24%.
Analysts Break Down the Move
Experts read Trump’s tactic differently. Ben Kurland, CEO of crypto outfit DYOR, said:
“Trump’s 90-day freeze dials back the heat. He keeps his edge without spooking markets. It’s a quick boost, not a deep fix.”
Zach Pandl, Grayscale’s Research Chief, zoomed out:
“Bitcoin could shadow stocks short-term. Long haul, watch for dollar slides and inflation from trade clashes.”
Volatility Still Looms
Bitcoin’s climb from below $75,000 sparks cheer, but analysts urge caution. Days back, tariff rumor whiplash sent the S&P 500 up 8%, then down 3.5% in a blink. These swings expose markets’ jittery dependence on headlines, with crypto still hunting for internal steam.
What’s Coming Next
Investors now focus on big economic cues:
- FOMC Meeting Minutes: Clues on Fed rate paths.
- U.S. Consumer Price Index (CPI): Inflation’s beat.
- Producer Price Index (PPI): Pressure upstream.
Slated for April 9–11, these stats could tilt rate outlooks and flows into crypto.
Where Bitcoin Heads Now
Trump’s tariff timeout fired up markets, especially crypto. Bitcoin’s dash past $82,000 signals fresh hunger for digital coins. Yet, bigger economic and global risks still simmer.
Stay alert, skip rash calls, and eye U.S. data to judge if this rally lasts—or just teases.
