Key Points:

• Cryptocurrencies experienced a surge following President Trump’s announcement of a 90-day tariff pause on countries that have not retaliated against the U.S.
• Trump raised tariffs on China to 125% while reducing reciprocal tariffs on other nations to 10% during the pause, as stated in his post on social media.
• Bitcoin’s value climbed above $81,000, with major altcoins such as XRP and Solana’s SOL gaining over 10%.

Detailed Report:

On Wednesday, cryptocurrencies saw a significant jump after news broke that Donald Trump eased certain tariff pressures on non-retaliating countries, excluding China. Trump indicated on Truth Social that he would delay existing tariffs for 90 days and implement a reduced reciprocal tariff of 10% for the duration against all non-retaliating countries. In stark contrast, he announced an immediate increase of tariffs on China to 125%.

Bitcoin (BTC), which had been hovering around $77,000 through much of the U.S. trading session, surged past $81,000 following this revelation, marking a 5.5% rise in just 24 hours. Meanwhile, prominent altcoins, including XRP, Solana’s SOL, Avalanche’s AVAX, Chainlink’s LINK, Hedera’s HBAR, and SUI enjoyed over 10% increases as per the broad-market CoinDesk 20 Index. Ethereum (ETH) climbed to $1,600, representing an 8% gain during the same timeframe.

The positive news also reflected in the stock market, with the Nasdaq and tech-heavy S&P 500 indices gaining 7% and 8.8%, respectively. Earlier on Wednesday, Trump characterized the moment as “a great time to buy.”