Bitcoin ripped past $81,000 on Wednesday, gaining over 5.5%, after Donald Trump announced a 90-day tariff pause for countries not retaliating against U.S. trade policies. The move came via a Truth Social post in which the former president also confirmed a sharply increased 125% tariff on Chinese imports, effective immediately.
The relief rally swept through markets. Ethereum surged to $1,600 (up 8%), while altcoins like SOL, XRP, AVAX, and LINK posted double-digit gains, pushing the CoinDesk 20 Index firmly into green territory.
U.S. equities followed suit: the Nasdaq jumped 7% and the S&P 500 gained 8.8%, buoyed by hopes that Trump’s temporary easing could cool trade war fears—at least for now.
“Great time to buy,” Trump posted earlier in the day, a comment that now appears to have rung true, at least for crypto and equity bulls.
