Bitcoin jumps from 6% to $81,000 as crypto prices skyrocket with Trump's tariff suspension

Cryptocurrency jumped on Wednesday with news that Donald Trump had retreated the country’s tariff burden, except for China.

According to Trump’s Truth Society post, he issued a 90-day delay on tariffs, significantly reducing the 10% share of mutual tariffs for this period for all countries except China. Meanwhile, he said it raised China’s tariffs to 125% to “immediately effective.”

Donald Trump's announcement on tariffs on April 9th (The Society of Truth)

Bitcoin (BTC) has stepped up around $77,000 for most sessions in the US, surpassing $81,000 in news, up 5.5% over the last 24 hours.

Altcoin Majors further strengthened with XRP, Solana’s Sol, Avalanche’s Avax, ChainLink Link, Hedera’s HBAR and SUI earned more than 10% on the Coindesk 20 index, mostly in the market. Ethereum’s ETH increased by 8% to $1,600 over the same period.

US stocks also responded positively, with the Nasdaq and Tech Heavy S&P 500 indexes increasing by 7% and 8.8% in the one-day session.

Earlier on Wednesday, Trump posted that it was “the best time to buy.”