


Thursday, April 10, 2025


The crypto market just got a much-needed adrenaline shot—courtesy of Donald Trump.
After weeks of punishing losses triggered by escalating trade war rhetoric, digital assets rebounded sharply Wednesday following Trump’s surprise announcement: a 90-day pause on tariffs for dozens of non-retaliating countries.
The reaction was swift. Bitcoin surged 7.7% to $82,967, Ether snapped a losing streak, and XRP and Solana jumped more than 11%. The reversal came just days after Ether had led the market lower, hitting its lowest level since March 2023.
It wasn’t just crypto. The S&P 500 soared 9.5%, and tech stocks ripped higher as traders took Trump’s pivot as a sign that economic fallout might be softer than feared. Crypto, often lumped in with other high-risk assets, rode the wave.
“This was the break markets needed,” said Zaheer Ebtikar of Split Capital. “The tariff pause gives breathing room—and crypto is responding.”
Crypto-linked stocks like Coinbase (+17%) and MicroStrategy (+25%) also surged, while derivatives markets saw a spike in trading volume and renewed bullish bets.
But caution lingers. China is still facing a 125% tariff wall, and any reversal of Trump’s stance could trigger another downturn. Still, for now, the pause has brought back the bulls—and reminded markets just how fast sentiment can flip.
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