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Bitcoin surged sharply with Trump: "90-day break" news
US President Donald Trump announced via his official Truth Social account that they will suspend reciprocal tariffs for countries outside of China for a period of 90 days. Trump stated that during this time, the tariff will be limited to 10%.
After Trump's statement, the markets breathed a sigh of relief and began to rise rapidly. The S&P 500 and Nasdaq showed an increase of 7 percent to over 7 percent in the first minutes. The cryptocurrency market also welcomed this good news with strong buying. Bitcoin, trading at 77,650 dollars, approached 82,000 dollars. Ether, on the other hand, once again neared the 1,600 dollar threshold.
On the other hand, Trump continued to raise his hand against China. The US President stated in the same announcement, "I am raising the customs tariff we impose on China to 125% effective immediately."
As of 20:35 TRT, Bitcoin is trading at 81,650 dollars.
Published: April 9, 2025 20:44