Global markets took off on Wednesday after U.S. President Donald Trump launched a 90-day tariff ceasefire for over 75 countries, excluding China. This surprise pivot sparked a red-hot rally across stocks and cryptocurrencies. Bitcoin (BTC) vaulted nearly 10%, reaching $82,390, and scored one of its most explosive daily gains in months.
Bitcoin Storms Back From the Brink
Following a tense week of trade war nerves, Bitcoin charged ahead with vigor. CoinMarketCap stats reveal BTC leaping 9.85% in 24 hours, driven by a buying frenzy after Trump’s tariff news hit. Trading volumes roared 67.25% higher to over $83 billion, showcasing a burst of market faith.
Bitcoin now stands tall near $82,070, recovering from a $74,000 trough—its weakest since November. The price jolt also torched short sellers. Coinglass figures show Trump’s Truth Social update obliterated over $75 million in Bitcoin short trades in an hour.
Trump Fires Up a Tariff Twist
Trump shook things up with a Wednesday Truth Social blast, declaring boosted Chinese import tariffs to 125%, slamming their “trade arrogance. He gave over 75 countries a 90-day tariff holiday, dropping reciprocal rates to 10%.
Trump wrote: “China thumbs its nose at global trade. I’m cranking their tariff to 125% now. For others, I’m easing off 90 days to deal.”
This sharp mix cut short-term jitters while holding trade pressure steady.
Markets Light Up Everywhere
The rally swept all corners:
- The S&P 500 blasted over 6%, its wildest day since 2008.
- Nasdaq, Dow Jones, and Russell 2000 each soared past 5%.
Altcoins rode the tide:
- Ethereum (ETH) ticked up 7.1% to $1,633.
- Solana (SOL) leaped 14.3% to $115.
- XRP rose 12.6%, eyeing $2.
The crypto market cap punched past $2.6 trillion, lifted by an 8% surge in the GMCI 30 index. Crypto-connected stocks cashed in too:
- MicroStrategy (now Strategy) climbed 23%.
- Coinbase gained 17%.
- Robinhood jumped 24%.
Analysts Size Up the Shift
Voices in the field see it differently. Ben Kurland, CEO of crypto group DYOR, commented:
“Trump’s 90-day truce takes the edge off. He holds his ground without rattling cages. It’s a brief lift, not a supply chain overhaul.”
Grayscale’s Zach Pandl, Research Head, looked further:
“Bitcoin might trail stocks for a bit. Down the road, brace for dollar dips and inflation from trade spats.”
Rough Waters Still Ahead
Bitcoin’s snap-back from under $75,000 fuels optimism, but experts warn of cracks. Days ago, tariff gossip jolted the S&P 500 up 8%, then down 3.5% in a flash. These rollercoaster rides show markets leaning hard on news, with crypto still seeking its own spark.
Key Triggers on the Horizon
Investors now zero in on major economic updates:
- FOMC Meeting Minutes: Hints at Fed rate moves.
- U.S. Consumer Price Index (CPI): Inflation’s latest read.
- Producer Price Index (PPI): Cost clues upstream.
Set for April 9–11, these drops could nudge rate bets and crypto flows.
Bitcoin’s Road Forward
Trump’s tariff breather lit a fire under markets, especially crypto. Bitcoin’s climb past $82,000 reflects a fresh appetite for digital assets. Still, big-picture economic and global tensions hang in the air.
Keep your eyes peeled, dodge quick moves, and watch U.S. data to see if this boom holds—or fades.
