Crypto Market Surges as President Trump Announces 90-Day Tariff Pause – Bitcoin, Ethereum, XRP Soar
In a surprising yet welcome move for global markets, President Donald Trump has officially announced a 90-day pause on his administration’s proposed tariff hikes. This decision, aimed at opening a new window for international negotiations, sent immediate shockwaves through both traditional and digital financial sectors — with cryptocurrencies leading the rally.
Bitcoin Soars Above $81,700
Shortly after the announcement, Bitcoin (BTC) surged more than 8%, breaking past the $81,700 mark. The leading cryptocurrency had previously shown signs of weakness, briefly dipping below $81,000 earlier this week due to escalating global economic uncertainty. However, today’s policy update appears to have reinvigorated investor confidence.
Traders are now eyeing the $85,000 resistance level as the next potential target, especially if macroeconomic sentiment continues to improve. According to analysts at CoinDesk, this jump reflects “relief rally behavior” as investors temporarily put aside concerns about global trade wars and tightening monetary policy.
Ethereum, XRP, and Altcoins Join the Rally
The bullish sentiment wasn’t limited to Bitcoin alone. Ethereum (ETH) recorded gains of over 12%, climbing above $1,810, while XRP made headlines with a 13% spike, surging past the $2 mark for the first time this month.
XRP’s rise also comes as NYSE Arca confirmed the launch of the XXRP ETF, further boosting investor interest and trading volumes.
Other major altcoins also saw strong double-digit growth:
- Cardano (ADA) rose by 10.8%
- Solana (SOL) spiked over 11%
- Dogecoin (DOGE) gained 9.5%
This broad-based rally suggests renewed optimism in the crypto space, not just due to macro developments but also increasing institutional participation.
SEC Approves Ethereum ETF Options
Adding more fuel to the fire, the U.S. Securities and Exchange Commission (SEC) has approved options trading for Ethereum ETFs from asset management giants including BlackRock, Grayscale, and Bitwise. This decision is seen as another step toward legitimizing Ethereum as a regulated asset class and could unlock significant liquidity in the coming weeks.
This move marks a key milestone for the Ethereum ecosystem, offering new opportunities for institutional hedging and speculative strategies.
What Experts Are Saying
“Markets were bracing for more economic pain, but this pause gives breathing room,” said Priya Nair, a senior analyst at FX Leaders. “It’s no surprise that Bitcoin and Ethereum responded instantly. Investors were ready for any signal of relief.”
Meanwhile, crypto influencers and Twitter analysts are divided — some see the tariff pause as a strategic move ahead of the U.S. election cycle, while others caution that volatility could return quickly if negotiations stall.
What to Watch Next
As always, traders should remain cautious. While the current upswing is exciting, much depends on:
- Future updates from the White House on trade talks
- Continued strength in ETF performance
- Global central banks’ monetary policy direction
For now, though, crypto markets are enjoying a powerful rally — and investors are hoping the momentum lasts.
Conclusion
The temporary halt on tariff increases has injected a wave of optimism into both traditional and cryptocurrency markets. Investors are advised to monitor ongoing trade negotiations and regulatory developments, as these factors will continue to influence market dynamics.
Disclaimer
The information provided in this article is for informational and educational purposes only and does not constitute financial advice, investment advice, or trading recommendations. Cryptocurrency markets are highly volatile and subject to rapid fluctuations. Always do your own research and consult with a licensed financial advisor before making any investment decisions.
Crypto News and its affiliates are not responsible for any financial losses, decisions, or actions taken based on the content of this publication.
