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This article is also available in Spanish.
The prices of cryptocurrencies and shares have increased in the last hours after US President Donald Trump announced a 90-day tariff pause for many nations, except for China. Bitcoin (BTC), flagship crypto, now an $ 83,000 barrier increases after a jump by 6.1% after messages.
Trump allows a 90-day tariff pause
In social truth postPresident Trump announced that he raises China tariffs to 125% “effect immediately” due to “disrespect” shown in the markets of the world. This movement occurs to the recently announced mutual tariff rate of 84% for American goods, starting from April 10.
“Based on the disrespect that China has shown in world markets, I hereby raise the tariff accused in China by the United States of America to 125%, with effect immediately. At some point, I hope, in the near future China will realize that the days of breaking the US and other countries are not any longer balanced or acceptable,” Trump explained.
In Wednesday’s post, the US President also revealed that he authorized the “90-day pause” for other countries, because 75 nations reached many American representatives, including trade departments, treasury and US trade representative, to “negotiate the solution discussed by entities in relation to trade, trade barriers, tariffs, currency and non-state manipulation.”
In addition, he allowed an immediate significantly reduced tariff of 10% during a 90-day break. In the second post, the president said: “It’s a great time to buy.”
After the messages, share prices increased, and S&P 500 (SPX) dropped by about 6% from the announcement. Meanwhile, the cryptocurrency market was recorded by total market capitalization by about 5%, with assets such as Bitcoin, Ethereum (ETH), XRP and Solana (SOL), increasing 6%-12%per hour.
Bitcoin prices are rising to USD 82,000
The flagship crypto increased from 76,000–77,000 USD to USD 82,000, temporarily recovering this level for the first time from Sunday. His 6% raise caused optimism among investors who fell Bitcoin to the five -month lowest level over the weekend.
BTC fell by almost 10% between Sunday and Monday, driven by a ongoing tariff war. Among the Bitcoin correction, he reached a support zone of $ 74,000 for the first time since November.
On Monday, BTC also recorded a brief recovery of an 80,000 USD barrier after the main media reported that the White House was considering a 90-day tariff pause. However, the cryptocurrency removed most of the profits after the messages became false.
According to the Internet ReportsToday’s growth has caused Bitcoin liquidation with a value of USD 75,000,000 in the last 60 minutes.
Since then, Bitcoin has traded at USD 82,444, which is a decrease in the weekly time frame.
A distinguished painting with unmplash.com, chart from tradingview.com
