#CryptoTariffDrop Crypto Market Soars After Tariff Suspension Announcement

On April 9, 2025, President Donald Trump announced a 90-day suspension of reciprocal tariffs, introducing a flat 10% base tariff for most countries. This unexpected move sent Bitcoin (BTC) soaring from under $77,000 to approximately $83,000, as market sentiment turned strongly bullish.

Crypto Stocks Rally Alongside BTC Surge

The announcement triggered a sharp rally in crypto-related equities:

MicroStrategy rose by 24%

Robinhood climbed 22%

Coinbase jumped 19%

MARA Holdings added 17%

Riot Platforms gained 11%

Ethereum (ETH) also benefited, trading around $1,650.

Tariff Pause Boosts Investor Confidence

Analysts see the tariff pause as a positive for global trade and risk assets, driving fresh investments into digital currencies. While the short-term outlook is bullish, experts caution that future trade negotiations and economic shifts will be crucial in sustaining this momentum.

Investors Advised to Stay Alert

Despite the optimism, market volatility remains high, and investors are urged to stay informed and manage risk carefully.