#TrumpTariffs When President Trump extended his "90-day pause" on the recently announced tariffs until August 1, traditional markets exploded—in fact, the S&P 500 surged by 9.6% and the Nasdaq jumped by 12.2% that day, marking some of their biggest one-day gains. Crypto traders also benefited from this wave: Bitcoin rose by nearly 10% and Ethereum climbed by about 8% as risk appetite returned with force.

Why this increase? The tariff pause alleviates fears of an inflation shock and a potential Fed rate hike spiral, freeing up liquidity to pursue higher-yielding and riskier assets like BTC and ETH. Additionally, strengthened stock markets tend to pull cryptocurrencies along with them, thanks to this increasing correlation with Bitcoin.