Fun

Bitcoin (BTC) Jumps To $82,000 As Trump Announces 90-Day Pause On Tariffs Except China

News Feed - 2025-04-10 03:04:22

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


Crypto and stock prices have surged in the past hour after US President Donald Trump announced a 90-day pause for tariffs on multiple nations, except China. Bitcoin (BTC), the flagship crypto, now eyes the $83,000 barrier after jumping 6.1% following the news. Related Reading Bitcoin’s Next Big Move? Open Interest Says ‘Get Ready’ 1 day ago Trump Authorizes 90-Day Pause On Tariffs


In a Truth Social post, President Trump announced he was raising China tariffs to 125% “effect immediately” due to a “lack of respect” shown to the World’s markets. This move follows China’s recently announced reciprocal 84% tariff rate on US goods, starting April 10.


“Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable,” Trump explained.


In the Wednesday post, the US President also revealed he had authorized a “90 days PAUSE” for other countries, as 75 nations reached out to multiple US Representatives, including the Departments of Commerce, Treasury, and the US Trade Representative, to “negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non-Monetary Tariffs.”


Additionally, he authorized an immediate substantially lowered Reciprocal Tariff of 10% during the 90-day pause. In a second post, the President stated, “This is a great time to buy.”


Following the news, stock prices surged, with the S&P 500 (SPX) surging around 6% since the announcement. Meanwhile, the crypto market saw its total market capitalization jump around 5%, with assets like Bitcoin, Ethereum (ETH), XRP, and Solana (SOL) increasing 6%-12% in an hour. Bitcoin Price Surges To $82,000


The flagship crypto climbed from the $76,000-$77,000 range to the $82,000, momentarily reclaiming this level for the first time since Sunday. Its 6% surge has sparked optimism among investors, who saw Bitcoin fall to a five-month low over the weekend.


BTC dropped nearly 10% between Sunday and Monday, fueled by the ongoing tariff war. Amid the correction, Bitcoin hit the $74,000 support zone for the first time since November. Related Reading Solana (SOL) Needs 15% Bounce After Multi-Year Support Retest, Recovery Ahead? 13 hours ago


On Monday, BTC also saw a brief recovery of the $80,000 barrier after major media outlets reported the White House was considering a 90-day pause on tariffs. However, the cryptocurrency erased most gains after the news turned fake.


According to online reports, today’s surge triggered $75,000,000 worth of Bitcoin shorts being liquidated in the past 60 minutes.


As of this writing, Bitcoin trades at $82,444, a 4.1% decline in the weekly timeframe. bitcoin’s performance in the one-week chart. Source: BTCUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com

News Feed

Crypto Market Outlook: VanEck Issues 10 Predictions, Including Bitcoin Nearing $200,000
Este artículo también está disponible en español. As speculation swirls around the future trajectory of Bitcoin (BTC) and the broader cryptocurrency market, asset managem
Bitcoin overtakes gold in investor portfolio allocation — JPMorgan
Prashant Jha10 hours agoBitcoin overtakes gold in investor portfolio allocation — JPMorganBitcoin’s allocation in investor portfolios has reached 3.7 times that of gold when adjusted for volatility, according to a JP
Binance develops ‘antidote’ to address poisoning scams after $68M exploit
Zoltan Vardai13 hours agoBinance develops ‘antidote’ to address poisoning scams after $68M exploitBinance’s new algorithm has already helped detect over 13.4 million spoofed blockchain addresses on BNB and over 1.6
Africa-Focused Venture Capital Firm Echovc Launches Blockchain Fund
Africa-Focused Venture Capital Firm Echovc Launches Blockchain Fund The Africa-focused venture capital (VC) firm, Echovc, has launched a fund that seeks to support blockchain start
Cardano Could Explode By 1,850% In ‘Monster Parabolic Rally’: Analyst
Este artículo también está disponible en español. A new analysis by crypto strategist Ali Martinez suggests that Cardano (ADA) might be on the cusp of a significant upwar
Former UK Chancellor Lord Hammond Warns About Crypto Investing — Says ‘It’s Gambling Money’
Former UK Chancellor Lord Hammond Warns About Crypto Investing — Says "It"s Gambling Money" Former U.K. chancellor of the exchequer Lord Hammond has reportedly warned about inves
4 tips that’ll keep your crypto safe from hackers this bull market
Jesse Coghlan1 hour ago4 tips that’ll keep your crypto safe from hackers this bull marketFrom choosing a secure exchange to setting up DeFi protocols security, security sages have shared their top tips so you can keep
How to Quickly Cash Out From Crypto to Fiat
How to Quickly Cash Out From Crypto to Fiat There are many reasons why you might seek to liquidate your digital assets into fiat currency, be it to pay a bill, buy a meal, or cov
IBM Ethical Mineral Sourcing Blockchain to Debut in Spring
Ford, Volkswagon, LG and Volvo plan to take a pilot project tracking cobalt during its refining process live in production next year. The Responsible Sourcing Blockchain Network (RS
Enforcement of South Korean virtual assets law prescribed in decree
Derek Andersen5 hours agoEnforcement of South Korean virtual assets law prescribed in decreeThe details of enforcing the Protection of Virtual Asset Users Act are not contained in the bill, which comes into force July 19
‘I’m not leaving’ — Megaupload’s Kim Dotcom to fight US extradition
Martin Young5 hours ago‘I’m not leaving’ — Megaupload’s Kim Dotcom to fight US extradition“I love New Zealand. I’m not leaving,” said Bitcache and Megaupload founder Kim Dotcom on X after the New Zealand
Over 600 firms reveal billions in combined investment in Bitcoin ETFs
Prashant Jha12 hours agoOver 600 firms reveal billions in combined investment in Bitcoin ETFsMillennium Management is the largest Bitcoin ETF investor with a $1.9 billion investment.3164 Total views19 Total sharesListen