Bitcoin Surges Past $80,000 Amid Market Rally as Trump Delays Tariffs

In a dramatic market upswing, Bitcoin soared past $80,000, marking a 6% gain within 24 hours following President Trump’s announcement of a 90-day tariff pause for most countries. The S&P 500, Nasdaq, and Dow Jones also saw significant gains as investors reacted positively to the eased trade tensions. Meanwhile, China faces heightened tariffs, adding complexity to global markets. This report delves into the implications for Bitcoin and broader financial markets.

Stocks Rally as Trump Hits Pause on Tariffs; Bitcoin Surges

Markets roared after President Trump announced a 90-day pause on tariffs for most countries. The S&P 500 shot up over 8.5%, Nasdaq jumped 11%, and the Dow added over 2,700 points. Investors cheered the pause and the lowered base tariff of 10% for compliant countries. Meanwhile, China faced higher tariffs of 125%. As Trump’s announcement hit social media, Bitcoin exploded past $80,000, gaining over 6% in less than 24 hours.

Goldman Sachs Reverses Recession Forecast, Trump Pauses Tariffs

Goldman Sachs has reversed its recession forecast after President Donald Trump announced a 90-day pause on most of the administration’s new tariffs. This move calmed markets that were rattled by trade war fears. Earlier on Wednesday, Goldman analysts had shifted to a recession baseline following the rollout of new country-specific tariffs. However, after Trump’s announcement, the firm updated its outlook to a ’non-recession baseline,’ projecting modest GDP growth of 0.5% by Q4 2025 and expecting three Fed rate cuts starting in June. Markets responded positively with Bitcoin surging past $82,000 and the Nasdaq approaching a 10% gain. The 10-year Treasury yield also eased from 4.5% to 4.4%.

Crypto and Bitcoin Mining Stocks Spike Amid Markets Rebound

The price of various crypto-linked stocks soared on Wednesday after U.S. President Donald Trump unveiled a 90-day pause on implementing most of his “reciprocal” tariffs. Strategy, Coinbase, and major Bitcoin miners such as BTC reversed more than a week of steep losses as U.S. markets closed. The president said over 180 countries would see temporary relief “effective immediately,” although Chinese goods would still be subject to stiff levies. For weeks, stocks and cryptocurrencies have been battered by Trump’s tariffs, as investors weigh how his measures could stunt economic growth and bolster inflation.

Bitcoin Price Surges Above $80K After Trump Declares Tariffs Pause

President Trump has delivered potentially bullish news for the Bitcoin market by announcing a 90-day tariffs pause. The decision, largely due to calls for a truce by many countries, has led to a positive response in the crypto market. Investors are hopeful that this could be the start of a major recovery. During the pause period, reciprocal tariffs will be lowered by 10%. More than 75 countries have reportedly called for a truce and trade negotiations.

Bitcoin to S&P 500 Ratio: Key Indicator Amid Volatility

Daan Crypto Trades emphasizes the BTC/SPX ratio as a crucial indicator amidst market volatility. Equities stabilization could lead to a rise in the ratio, benefiting Bitcoin from quantitative easing (QE). BTC currently faces resistance at $77,906, and a breach of key support levels could result in a drop to $70,000. The BTC/SPX ratio has remained high at 2024 and has maintained its base through various fluctuations, filtering out the weakness in equities markets.