#TariffsPause Here's the latest on tariff pause crypto news:
Donald Trump's 90-day tariff pause with China has sparked a rally in the crypto market. Bill Ackman suggests both countries are incentivized to reduce tariffs to 10-20%, potentially boosting the crypto market. If the US tariff persists, it could damage China's financial economy and prompt companies to relocate. A tariff reduction could attract more investment and increase cryptocurrency adoption.
*Market Impact:*
- *Crypto Market Rally*: The global crypto market saw a 0.27% increase, reaching $2.93 trillion.
- *Bitcoin Price*: BTC price dropped to $74,500 but rebounded above $92,000 after the tariff pause announcement.
- *Investor Sentiment*: Reduced trade tensions could lead to increased liquidity and investment in cryptocurrencies ¹ ² ³.