#BitcoinWithTariffs The stocks of companies related to cryptocurrencies surged at the same time as the price of bitcoin on Wednesday afternoon after President Donald Trump declared a 90-day pause on generalized "reciprocal" tariffs.

Bitcoin (BTCUSD), which was trading at up to 74,500.$ on Wednesday morning, was trading below 77,000.$ when President Trump wrote in a post on Truth Social just after 1:15 PM ET that he was suspending tariffs with immediate effect and that a base tariff of 10% would apply to most countries.

The largest cryptocurrency quickly skyrocketed, just like risk assets such as stocks, reaching around 83,000.$ in the latest transactions.