Bitcoin Surges to $81k Amid Trump’s Tariff Easing Announcement
Bitcoin experienced a significant rebound, reaching $81,000, following President Donald Trump’s announcement of reduced global tariffs. This move has reignited investor confidence in both cryptocurrencies and traditional markets.
Bitcoin Bounces Back To $81k As Trump Eases Global Tariffs
President Donald Trump announced Wednesday that he had authorized “substantially lowered” reciprocal tariffs across the world. This prompted Bitcoin and stocks to roar back into form. From his Truth Social account, Trump said that over 75 countries had discussed trade negotiations with the United States after Trump’s onslaught of global tariffs last week. He lowered the reciprocal tariffs on those countries to 10%, effective immediately. Commerce Secretary Howard Lutnick tweeted that the world is ready to work with President Trump to fix global trade, while China has chosen the opposite direction.
Bitcoin Jumps To $82,000 After Trump Announces Tariff Pause
Crypto and stock prices surged after US President Donald Trump announced a 90-day pause on tariffs for multiple nations, except China. Bitcoin (BTC), the flagship crypto, jumped 6.1% to $82,000 and is now eyeing the $83,000 barrier. However, Trump also raised tariffs on China to 125% effective immediately due to a lack of respect shown to world markets.
Bitcoin and Tesla Surge as Trump Pauses Tariffs
Bitcoin surged by 8% and Tesla gained 20% after President Trump paused key tariffs. The pause triggered a rally across stocks and crypto, with the Dow Jones Industrial Average logging its biggest one-day gain in five years. Tech stocks exploded, with Robinhood up 23%, crypto exchange Coinbase gaining 20%, and MicroStrategy rocketing 25%. Earlier in the day, Bitcoin’s price had dropped as low as $74,567.02 when the 10-year U.S. Treasury yield temporarily spiked above 4.51%.
Bitwise CEO Advocates for Bitcoin Amid European Skepticism
While Bitcoin (BTC) has gained rapid adoption, skepticism towards digital assets persists in many parts of the world, particularly in Europe. European regulators have cited potential risks to financial stability, investor protection, and regulatory oversight as reasons for their caution. However, Hunter Horsley, the CEO of Bitwise Asset Management, recently emphasized Bitcoin’s growing role as a legitimate asset and a hedge against inflation on social media.
Bitcoin On The Brink As Trump Tariffs Shatter Bond Market
The bond market, often regarded as the bedrock of global financial stability, is showing signs of severe strain. Jim Bianco of Bianco Research warned of a disorderly liquidation in the bond market, with the 30-year US Treasury yield spiking 56 basis points in just three trading days. This historic move has raised alarms among market participants over a potentially ’broken’ system.
