On April 9, 2025, President Donald Trump announced a 90-day pause on certain reciprocal tariffs sending shockwaves through global markets. One of the biggest beneficiaries of the move was the cryptocurrency sector which responded with a dramatic rally. Bitcoin led the charge soaring past the $82,000 mark while other digital assets like Ether and XRP also recorded significant gains.
The impact rippled across crypto-related equities. MicroStrategy, a company well known for its massive Bitcoin holdings, saw its stock surge by nearly 25%. Meanwhile, shares of Coinbase Global, a leading cryptocurrency exchange, climbed by 17%, driven by renewed investor optimism and increased trading activity.
Despite the upward trend, the market was not without turbulence. False news and rumors about the scope and permanence of the tariff pause caused temporary spikes in crypto prices. Once these inaccuracies were corrected, brief price pullbacks followed. The overall sentiment remained bullish as investors bet on continued momentum in the crypto space.
Trump’s unexpected tariff announcement appears to have renewed investor appetite for risk assets. With the 90-day window in effect, market watchers will be closely monitoring both Washington’s policy signals and the reaction from global trading partners.
For now, the crypto market is riding high fueled by a combination of political decisions, investor enthusiasm, and the potential of high gains from digital assets.
Trump’s Tariff Pause Sparks Crypto Surge as Bitcoin Tops $82,000 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.
