Crypto Market Soars as Trump Pauses Tariffs, Bitcoin Reclaims $80K: Which Cryptos Should You Buy? – BlockNews
Trump paused tariffs for all countries except China, which now faces a 125% duty. Bitcoin jumped past $80K and altcoins like XRP and Solana surged over 10% on the news. The Dow soared 2,000 points after Trump's tariff reversal sparked investor optimism. In a sudden (and kinda surprising) move today, President Donald Trump announced a
- Trump paused tariffs for all countries except China, which now faces a 125% duty.
- Bitcoin jumped past $80K and altcoins like XRP and Solana surged over 10% on the news.
- The Dow soared 2,000 points after Trump’s tariff reversal sparked investor optimism.
In a sudden (and kinda surprising) move today, President Donald Trump announced a 90-day pause on all U.S. tariffs—except those aimed at China. And yeah, the markets exploded.
Right after the announcement, Bitcoin flew past $80,000, while altcoins like XRP, Solana, and Cardano jumped more than 10% within minutes. It wasn’t just crypto feeling the buzz—the Dow Jones spiked over 2,000 points, as investors scrambled to react to the news.
Trump Walks Back, Kinda… But China Still in the Crosshairs
So here’s the deal—Trump’s tariff-heavy strategy has been shaking markets for weeks. After slapping China with a jaw-dropping 104% tariff just last night, he’s now walked things back. Well, sort of.
The tariffs against other countries? On pause. For now. The ones against China? Nope—they just got bumped to 125%.
The news broke around 1:30 PM Eastern, and almost instantly, the markets roared to life. The Dow shot up, tech stocks rebounded, and crypto? It practically sprinted.
There’s still a lot of uncertainty ahead, but for today at least—Wall Street is breathing a little easier.
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