Bitcoin Rebounds Above $82K Following Trump’s 90-Day Tariff PauseCryptos, Markets
U.S. President Donald Trump’s recent announcement of a temporary 90-day pause on tariffs for most global trading partners, excluding China, has sparked renewed optimism in the markets, especially in the cryptocurrency sector. The move, which came on April 9, 2025, has injected much-needed confidence into a market previously overshadowed by economic uncertainty and trade tensions. As a result, Bitcoin (BTC) surged back above $82,000, marking a sharp rebound in the digital asset’s value.
The announcement caused a significant rally in the cryptocurrency market, with Bitcoin gaining 8.87% in a 24-hour period. This surge in price also triggered over $75 million in short liquidations, further fueling the upward momentum. The global crypto market capitalization rose to $2.59 trillion, with an 8.40% increase, signaling the potential start of a broader bull run. Historically, Q2 has been a strong period for cryptocurrencies, and the market may continue to see gains in April, May, and June.
Bitcoin’s recent performance has impressed traditional analysts, who are now viewing its recovery as a sign of the asset’s growing maturity. Despite a 26% dip from its January highs, analysts from investment firm Bernstein described this correction as “mild” compared to previous downturns. Institutional support for Bitcoin continues to increase, and experts are now watching for potential signals from the Federal Reserve regarding changes in interest rates, which could bolster market confidence.
The 90-day tariff pause has helped ease tensions and allowed space for diplomatic resolutions with the U.S.’s trading partners. However, China’s exclusion from this reprieve remains a key point of concern, as it continues to face higher tariffs and has already announced retaliatory measures. This ongoing trade friction could create potential volatility, though the general mood in the markets is more positive, with the tariff reprieve offering hope for economic stability.
Source: Naira Metrics