The global financial markets surged on Wednesday as U.S. President Donald Trump announced a 90-day suspension on tariffs for over 75 countries, excluding China. The surprise policy shift sparked a sharp rebound across equities and cryptocurrencies, with Bitcoin (BTC) jumping nearly 10% to reclaim $82,390, marking one of its strongest single-day rallies in recent months.
Bitcoin Rebounds Sharply After Breaking Out of Bearish Range
Following a turbulent week dominated by fears of an escalating trade war, Bitcoin roared back to life. According to CoinMarketCap, BTC surged 9.85% in 24 hours, driven by a flood of buy orders as investors reacted to Trump’s tariff announcement. Trading volumes spiked 67.25% to over $83 billion, highlighting renewed enthusiasm and market confidence.
At the time of writing, Bitcoin is holding firm around $82,070, recovering from a recent dip to $74,000 —its lowest level since November.
The price explosion also triggered a wave of short liquidations. Data from Coinglass shows that over $75 million in Bitcoin short positions were wiped out within the hour following Trump’s social media post.
Details of Trump’s New Tariff Strategy
In a Truth Social post on Wednesday, President Trump unveiled two major decisions that reshaped market sentiment:
- An immediate increase in tariffs on Chinese imports to 125%, citing a “lack of respect” toward global trade norms.
- A 90-day pause on tariff enforcement for over 75 countries, coupled with a reduced reciprocal tariff rate of 10% during the moratorium.
Trump stated:
“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 the same time, I’ve authorized a 90-day PAUSE for other countries while negotiations take place.”
The dual announcement sent a strong message to both global trading partners and financial markets—relieving short-term pressure while maintaining strategic leverage in trade talks.
Global Markets Respond With Broad-Based Rally
Financial markets across the board rallied in unison:
- The S&P 500 soared over 6%, its strongest single-day gain since the 2008 financial crisis.
- Nasdaq, Dow Jones, and Russell 2000 indices all jumped more than 5%.
- In the crypto space, leading altcoins posted double-digit gains:
- Ethereum (ETH) climbed 7.1% to $1,633
- Solana (SOL) skyrocketed 14.3% to $115
- XRP gained 12.6%, trading near $2
- The global crypto market cap surged past $2.6 trillion, led by an 8% rise in the GMCI 30 index.
Meanwhile, crypto-adjacent stocks also rode the wave:
- MicroStrategy (now branded as Strategy) jumped 23%
- Coinbase rose 17%
- Robinhood rallied 24%
Analysts: “A Strategic Pause, But Not a Resolution”
Market analysts offered mixed interpretations of the tariff decision. According to Ben Kurland, CEO of crypto research firm DYOR:
“Trump’s 90-day tariff pause is a strategic breather—he’s easing short-term market pressure without giving up leverage. It provides a temporary sense of stability, but it’s not long enough to trigger real shifts in investment or supply chains.”
Zach Pandl, Head of Research at Grayscale Investments, offered a longer-term view:
“While Bitcoin may continue to follow equity market trends in the short run, long-term investors should position for persistent dollar weakness and inflationary pressure—typical outcomes of prolonged trade frictions.”
Short-Term Volatility Still in Play
While Bitcoin’s swift recovery from sub-$75,000 lows is encouraging, analysts caution that the market remains fragile. Just days ago, equities and crypto alike whipsawed in response to false rumors about a potential tariff suspension, with the S&P 500 briefly jumping 8% before falling 3.5% in minutes.
Such rapid swings underscore how sensitive markets have become to policy headlines, especially in the absence of strong internal growth drivers within the crypto ecosystem.
Key Economic Catalysts Ahead
Looking forward, investors will be watching several major economic indicators that could further influence both crypto and traditional asset classes:
- FOMC Meeting Minutes – offering clues into the Federal Reserve’s monetary stance
- U.S. Consumer Price Index (CPI) – a key measure of inflation
- Producer Price Index (PPI) – gauging upstream cost pressures
Scheduled for release between April 9–11, these figures may shape expectations for interest rates and further affect capital flows into risk-on assets like crypto.
Conclusion
President Trump’s unexpected tariff pause has delivered a much-needed jolt of optimism to global markets, particularly the crypto sector. Bitcoin’s leap past $82,000 reflects a renewed appetite for digital assets, though the underlying macroeconomic and geopolitical risks remain unresolved.
Investors are advised to stay informed, avoid knee-jerk reactions, and keep a close eye on upcoming U.S. economic data to gauge whether this rally has legs—or is simply a temporary reprieve.
