Here’s a detailed summary of Bitcoin’s surge above $82,000 following President Trump’s tariff pause announcement, based on the search results:
### **Bitcoin Surge and Market Reaction**
1. **Price Movement**:
- Bitcoin jumped **over 7%** to **$82,305.55** after Trump announced a **90-day pause** on tariffs for most countries (excluding China, where tariffs were raised to **125%**).
- The rally briefly pushed BTC to **$83,453** intraday, reclaiming the $80,000–$90,000 range it had traded in for most of 2025.
2. **Catalyst**:
- Trump’s tariff pause (reducing reciprocal tariffs to **10%** for 90 days) sparked a **broad risk-asset rally**, including crypto and equities. The S&P 500 saw its **best day since 2008** (up **9.5%**), while Nasdaq 100 surged **12%**.
- Analysts noted the move eased short-term market pressure but warned of lingering uncertainty, as the U.S.-China trade war escalated.
3. **Altcoin Performance**:
- **Ethereum (ETH)**, **XRP**, and **Solana (SOL)** surged **10–12%**, with meme coins like Dogecoin (DOGE) also gaining sharply.
- The global crypto market cap rose **7%** to **$2.7 trillion**, led by Bitcoin’s dominance.
4. **Liquidations and Market Sentiment**:
- Over **$350 million** in crypto shorts were liquidated, the highest since early March, amplifying upward momentum.
- Traders speculated the worst might be over, though some cautioned about potential retaliatory measures from China.$BTC #TariffsPause #TariffsPause
5. **Long-Term Context**:
- Despite the rally, Bitcoin remains **~25% below its all-time high of $109,000** (January 2025) and is in a **bear market**.
- Analysts suggest BTC’s correlation with tech stocks may persist, but long-term investors should prepare for **dollar weakness and inflation**. $BTC
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