Bitcoin (BTC) Price Surges to $81K on Trump’s Tariff Pause; SOL, XRP, DOGE Rally 10%

Cryptocurrencies jumped on Wednesday on information that Donald Trump stepped again some tariff burdens on international locations — apart from China.

According to Trump’s publish on Truth Social, he issued a 90-day delay on tariffs and a considerably lowered 10% charge of reciprocal tariff for this era towards all international locations besides China. Meanwhile, he stated he raised tariffs for China to 125%, “effective immediately.”

Bitcoin (BTC), treading water round $77,000 throughout many of the U.S. session, surged above $81,000 on the information, up 5.5% over the previous 24 hours.

Altcoin majors rallied much more, with XRP, Solana’s SOL, Avalanche’s AVAX, Chainlink’s LINK, Hedera’s HBAR and SUI posting over 10% beneficial properties within the broad-market CoinDesk 20 Index. Ethereum’s ETH rallied to $1,600, up 8% throughout the identical interval.

U.S. shares additionally reacted positively, with the Nasdaq and the tech-heavy S&P 500 indexes up 7% and eight.8% by means of the day’s session.

Earlier Wednesday, Trump had posted that it was “a great time to buy.”