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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

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Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Bitcoin Back To $82k as Trump Pauses Import Tariffs for 90 Days, Except China!

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The post Bitcoin Back To $82k as Trump Pauses Import Tariffs for 90 Days, Except China! appeared first on Coinpedia Fintech News

The global financial market got a much-needed relief after U.S. President Donald Trump announced a 90-day pause on import duties for most countries, except China. Following the news, Bitcoin’s price shot up by 7% in a single day, reaching $82,000, while other U.S. stocks & mining firms even joined the rally. 

Trump Halt Tariffs for 90-day, China Saw 125% Hike

On April 9, Trump made a strong statement on Truth Social, saying China has shown “a lack of respect for world markets.” In response, he raised tariffs on Chinese goods to 125%, effective immediately.

At the same post, he mentioned that more than 75 countries have been in talks with U.S. representatives from Commerce, Treasury, and the USTR about ongoing trade issues. 

Meanwhile, to encourage negotiations, Trump announced a temporary 90-day pause on tariffs for other countries and reduced reciprocal tariffs to 10% during this period.

Stock and Crypto Markets React

Following the announcement, both the cryptocurrency and U.S. stock markets saw significant gains. Bitcoin, the world’s largest cryptocurrency by market cap, jumped 7%, reaching $82,000, while major U.S. stock indices also rose by nearly 10%.

Major crypto exchanges and Bitcoin-holding firms saw sharp price increases, recovering some losses from the past week. 

However, corporate Bitcoin holders like Strategy, Metaplanet, and Tesla saw their stock prices climb between 15% to 25%.

The rally was even more clear among Bitcoin mining firms, with Bitfarms leading the pack with a 24% spike in share price. Riot’s stock rose by 12.7%, and MARA Holdings, the largest publicly traded Bitcoin mining company, gained 17%.

Altcoins Join the Rally

Even though the altcoin crypto market wasn’t left behind. Ethereum, the second-largest cryptocurrency, saw its price jump by 11%. Other major cryptocurrencies, including XRP, Solana, Dogecoin, and Shiba Inu, also increased between 10% and 12%.

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