Trump pauses tariffs, Bitcoin rises again to above $80,000
Last Updated on 10 April 2025 by CryptoTips.eu
Spring 2025 will be remembered as the year of the ‘Trump Tariffs’, it seems. Republican TV commentators on Fox News may say they don’t care about the stock market going down, but the truth is probably very different.
After European stock markets fell again yesterday, the US president ‘suddenly’ announced a 90-day pause on his tariff plan, although tariffs on China will still be increased.
Bitcoin held up very well during the decline and saw the $75,000 support line hold up very well.
After the signal of a rate pause, the largest digital coin jumped back up and immediately traded above $80,000. At the time of writing, Bitcoin is trading for $81,600.
Countermeasures
Oil prices initially fell sharply, as the growing belief that the global economy will weaken significantly increased concerns about weak oil demand. Europe announced a deal on countermeasures earlier in the day, which likely set us up for a spiral of tariff bids.
There is now a backlash and it will likely result in a short-term rally, but the fact remains that the market is dependent on Trump’s sense of dishonesty at this point.
The crypto market rebounded last night. The White House will likely decide whether or not this rebound will last.
