Bitcoin gains came amid a broader mood of risk appetite in the markets, as Trump announced a 90-day extension of his plans to impose high tariffs on major global economies.

This period gives countries more time to negotiate with the United States and strike new trade deals, which could alleviate the impact of Trump's tariffs on supply chains and the economy.

However, Trump did not grant China any exemptions, raising tariffs on Beijing to 120% due to the state's response to his initial tariffs. China set tariffs of 84% on American goods on Wednesday, showing little intention to back down.