$BTC Cryptocurrencies and related stocks rose sharply on Wednesday after President Trump announced a 90-day pause on most tariffs affecting many countries. This was a significant shift following weeks of decline in the crypto market, where Coinbase shares had dropped 15% and major cryptocurrencies like Bitcoin, Ethereum, and XRP faced significant losses. After Trump’s announcement of the tariff pause, traditional market stocks surged, with Galaxy Digital climbing 18% and Bitcoin mining companies also seeing gains. Though tariffs don’t directly impact crypto, they caused a broader risk-off sentiment among investors. High tariffs are expected to raise prices and disrupt supply chains, creating economic uncertainty and fears of liquidity issues.