Trump's 90-day tariff pause leads to significant growth in Bitcoin and other cryptocurrencies. Market reacts positively to the announcement.
Donald Trump, the President of the United States, recently announced a 90-day pause in implementing retaliatory tariffs against countries that have not taken retaliatory actions against America. Following this announcement, the price of Bitcoin (BTC) increased by 5.5% in less than two hours, reaching around $83,000. Ethereum surged by 10% to $1,650, and Ripple (XRP) also rose by over 12% to $2.05. Market data shows that the rise in major digital currencies coincided with significant growth in U.S. stock indices. The S&P 500 and Dow Jones indices both increased by over 5%, accompanied by an over 8% growth in the Nasdaq index.
