$BTC

Bitcoin's surge coincided with the biggest rally since 2008 for the broad-market S&P 500 index, after Trump said in a Truth Social post that he has "authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately." He also said he is raising the tariff on China higher again to 125%.

"Trump's 90-day tariff pause is a strategic breather — he's easing short term market pressure without giving up leverage, sending a clear signal that his approach to trade is transactional, not ideological," said Ben Kurland, CEO at crypto research platform DYOR. "This move calms investor nerves and gives businesses a momentary sense of stability, but it's not long enough to prompt real supply chain shifts or investment decisions."