Crypto Markets Surge as Trump Pauses Tariffs for 90 Days

On April 7th, the crypto and stock markets witnessed a ‘Black Monday’ tragedy after the retaliatory Trump’s tariff hike announcement.

However, since April 9th the markets have been experiencing a transient relief and a bullish moment as a 90-day pause on the immediate implementation of the tariffs for all countries except China was announced.

Since the tariffs pause announcement, the crypto market cap has experienced a 6.04% increase to $2.6 trillion.

Also, the global stock market soared, where major tech stocks, including NVIDIA, Tesla and Apple, saw gains of over 12% after the announcement, also the S&P 500 surged by 9.25% and the Nasdaq Composite increased by 12.16%.

In Asia, Japan’s Nikkei 225 and South Korea’s KOSPI opened about 7 per cent and 5 per cent higher, respectively.

Bitcoin, Ether, XRP and Other Top Crypto Prices Increase

Bitcoin has increased by 6.92% with the price standing slightly below $82,000. Its market cap is above $1.6 trillion with a dominance of 62.36%.

Likewise, Ether (Eth) follows suit with a 7.55% with its price very close to $1,600. It bounced back from its devastating decrease below $1,500 on ‘Black Monday’, over a 17% decline in price. Its market dominance is 7.4%.

Similarly, XRP also had a 9.33% increase, whilst the price stands firm at $2. Solana (SOL), Dogecoin (DOGE), Tron (TRX), Cardano (ADA), and Chainlink (LINK) also increased by 7.05%, 6.58%, 4.86%, 9.35%, and 8.65% respectively.

Notably, FARTCOIN claims the number one top gainers’ position with 36.84% price increase and $430,943,520 24-hour volume, whilst Zcash (SEC) poses as the top loser.

Nevertheless, some cryptocurrencies, like Toncoin (TON) are still undergoing a 24-hour decrease.

Over 75 Countries Have Reached Out to the U.S. for Trade Related Discussions

In a Truth Social post on Wednesday, President Donald Trump announced a 90-day pause on reciprocal tariffs for 75 countries.

The move comes in response to what he described as their “non-retaliating” stance and ongoing negotiations with key U.S. agencies, including the Departments of Commerce, Treasury, and the Office of the U.S. Trade Representative (USTR).

The pause follows Trump’s earlier announcement of new reciprocal tariffs targeting over 180 countries. During these 90 days, the tariff rate will be reduced to 10% as a goodwill gesture to countries seeking a long-term resolution to the escalating trade tensions.

“These countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States,” Trump wrote.

“I have authorized a 90-day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.”

However, the tariff freeze does not apply to China. Trump declared that tariffs on Chinese goods would increase to 125% in direct response to China’s existing 84% tariff on U.S. exports.