Crypto traders can finally breathe easier after US President Donald Trump announced he will pause tariffs for 90 days.
Treasury Secretary Bessent said it was President Trump’s decision to wait until today. He added this was not because of market reaction.
Since the announcement, $75,000,000 worth of Bitcoin shorts were liquidated in just one hour. Bitcoin’s price jumped 5%, breaking past $81,000.
Altcoins showed even stronger gains. Ethereum, XRP, Solana, Cardano, and Dogecoin all rose 9-10%.
The US stock market added over $3.5 trillion in value after the tariff pause news.
JUST IN: $75,000,000 worth of Bitcoin shorts liquidated in the past 60 minutes.
— Watcher.Guru (@WatcherGuru) April 9, 2025
Why This Matters for Crypto
The tariff pause helps reduce economic uncertainty. Markets don’t like trade tensions, and crypto prices often fall when economic fears rise.
This break from tariffs comes right after one of the biggest crypto crashes in recent history. It gives the market room to recover.
When the economy looks stable, investors are more willing to buy assets like Bitcoin and other cryptocurrencies.
We could see more price gains in the coming weeks if this stability continues. Many traders who bet against Bitcoin have already been forced to close their positions.
Big investors who stayed away during the crash might start buying again. This could push prices up further.
However, it’s important to remember the tariff pause only lasts 90 days. The market could change direction when this period ends.
For now, the crypto market has a chance to rebuild after weeks of falling prices. This pause in trade tensions might be just what the market needed to regain some confidence.
Read also: Why Ripple (XRP) Might Still Make Millionaires — Even with All the Struggles
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