On April 9, 2025, President Donald Trump announced a 90-day pause on most tariffs, reducing them to 10%, while increasing tariffs on Chinese imports to 125%. citeturn0search7 This decision led to a significant surge in cryptocurrency markets:
Bitcoin (BTC):Jumped over 7% to exceed $82,000. citeturn0search16
Ethereum (ETH):Rose to approximately $1,650.
XRP: Increased over 9% to surpass $2.
Solana (SOL):Experienced double-digit percentage gains.
Crypto-related stocks also saw notable increases, with companies like Strategy (formerly MicroStrategy) and Robinhood Markets gaining 24% and 22%, respectively.
Analysts attribute these movements to improved investor sentiment following the tariff pause, though caution that the long-term impact remains uncertain, especially with the increased tariffs on Chinese imports. #TarrifPause #TariffsPause