Bitcoin soars 7% after Trump’s surprise 90-day tariff pause, crypto market follows suit
Bitcoin experienced an exhilarating rally on Wednesday afternoon, spiking more than 7% to hit $82,350.37, following a surprise announcement from US President Donald Trump. Trump revealed on social media that he had authorized a 90-day pause on tariffs, offering a brief but much-needed breather to the market. This move not only sparked a surge in Bitcoin’s price but also had a ripple effect across the broader cryptocurrency landscape.
Earlier in the day, Bitcoin had dipped as low as $74,567.02, pressured by a brief spike in the US 10-year Treasury yield, which had climbed over 4.51%. However, as Trump’s tariff pause news broke, Bitcoin’s price quickly reversed course, soaring higher, as per CNBC report.
The broader crypto market…
