Trump announced a 90-day pause on new tariffs — what does this mean for the cryptocurrency market?
US President Donald Trump announced a 90-day suspension of new tariffs for most countries, keeping the base rate at 10%. For China, tariffs were increased to 125% due to ongoing trade disputes.
The cryptocurrency market reacted to this news with increased volatility. Bitcoin, which previously reached the mark of $99,000, is trading at around $81,153 at the time of writing. Other cryptocurrencies are also showing significant fluctuations.
Investors hope that the suspension of tariffs will lead to a reduction in trade tensions and create favorable conditions for the growth of the cryptocurrency market. However, the situation remains unstable, and market participants should be prepared for further price fluctuations.
