TarrifsPause

According to BlockBeats, the U.S. White House has announced that tariff levels will be reduced to a uniform 10% during ongoing negotiations. This decision is part of the discussions aimed at addressing trade issues. The move is expected to facilitate smoother trade relations and negotiations.

**🔔 Trump's Tariff Announcement Shakes Markets**

In a move that sent shockwaves through the financial world, President Trump made some significant announcements regarding tariffs. He decided to cancel the tariffs on 75 nations for a 90 - day period. At the same time, he raised the tariffs on China to a staggering 125%. 😮 This unexpected turn of events had a profound impact on various markets, including the cryptocurrency space.

**📈 Crypto Market Responds with a Surge**

Bitcoin, the leading cryptocurrency, reacted positively to the news. It shot up beyond the $80,000 mark. By the time of the press release, it had gained nearly 6% in a single day. 🚀 This was a significant boost for Bitcoin, which has been closely watched by investors and enthusiasts alike. Ethereum, $XRP$, and SOL also joined the upward trend, rising over 10% after the news broke. It was as if the entire crypto market was celebrating this new development.

**💹 Equities Also on the Rise**

The good news didn't stop at the crypto market. The global stock market also got a major lift. When Trump announced the tariff suspension, stocks like NVIDIA, Tesla, and Apple saw substantial gains, with each rising over 12%. The Nasdaq - 100 had an extraordinary day. It was on course for its fourth - best trading day ever, with a gain of over 10% on Wednesday. This performance was reminiscent of the market rallies seen in 2008.

**🗣️ Trump's Tariff Statements**

Trump took to Truth Social to share his decisions. He stated that the US will delay reciprocal tariffs on 75 nations because they had not retaliated against the United States, despite his strong suggestions. He also mentioned that during this 90 - day pause, there would be a substantially lowered reciprocal tariff of 10%, which was effective immediately. 📱 At the same time, in response to China's 84% tax on US imports, Trump declared that the US would increase China's tariff to 125%, emphasizing that this was due to the lack of respect China had shown to the world's markets.

**🌈 Broader Crypto Market Performance**

The positive sentiment spread across the broader crypto market. On average, meme coins, decentralized finance (DeFi), Real World Assets (RWA), and Artificial Intelligence (AI) - related cryptocurrencies also experienced growth, with an average gain of 7%. Specific coins like Dogecoin (DOGE), HYPE, ONDO, RENDER, and PEPE had even more impressive daily increases of 10%, 25%, 20%, 17%, and 15% respectively. It was a day of significant growth and optimism in the crypto space.

#TarrifsPause $BTC

**🚨 Disclaimer 🚨**

The information presented in this article is for general knowledge and discussion purposes only. It does not constitute financial, investment, or any other form of advice. The cryptocurrency and financial markets are highly volatile and subject to various factors such as economic conditions, geopolitical events, and regulatory changes. Any investment decisions should be made after thorough research and consultation with a qualified financial advisor. Investing in cryptocurrencies involves significant risks, including the potential loss of your entire investment.