Crypto Roars Back as Markets Cheer Trump’s Tariff Pause
Cryptocurrency markets staged a significant rebound on Wednesday, mirroring a powerful surge in traditional equities after U.S. President Donald Trump announced a 90-day pause on reciprocal tariffs for countries that do not retaliate.
The global crypto market capitalization jumped by 8.13% over the last 24 hours, reaching $2.61 trillion, recovering much of the losses incurred earlier in the week due to trade war anxieties.
Major cryptocurrencies experienced significant gains following the tariff pause announcement, with Bitcoin surging by over 8% to $82,471, Ethereum climbing by more than 13.88% to $1,641, and Solana rallying by over 11.9% to $117.38 in the last 24 hours.
The dramatic market shift followed Trump’s unexpected…
