#TrumpTariffs When President Trump extended his "90-day pause" on the recently announced tariffs until August 1, traditional markets exploded—in fact, the S&P 500 climbed 9.6% and the Nasdaq surged 12.2% that day, marking some of their biggest one-day gains. Crypto traders also benefited from this wave: Bitcoin rose nearly 10% and Ethereum climbed about 8% as risk appetite returned with force.
Why this rise? The pause on tariffs alleviates fears of an inflation shock and a potential rate hike spiral from the Fed, freeing up liquidity to pursue higher-yielding and riskier assets like BTC and ETH. Moreover, strengthened stock markets tend to pull cryptocurrencies along with them, thanks to this increasing correlation with Bitcoin.
If you are trading through this, just remember: news on tariffs can cause sharp rallies or drops in cryptos, so keep your alerts active and consider favoring limit orders to avoid slippage during these news-driven spikes. Trade smartly—and enjoy the calm (for now)!#TrumpTariffs