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BTC Surges to $83k as Trump Pauses Tariff for 90 Days

Share on X icon · Published hace 1 año on April 10, 2025 · Hassan Maishera

Bitcoin added 7% to its value on Wednesday, rallying to the $83k level after President Trump announced a 90-day pause on the proposed tariffs.

BTC Surges to $83k as Trump Pauses Tariff for 90 Days

TL;DR

  • Bitcoin rallied by over 7% on Wednesday to hit the $83k level following days of bearish performance.

  • Altcoins also rallied higher, with XRP jumping to $2.

Bitcoin Reclaims $83k After Tariff Pause

The cryptocurrency market finally caught a break on Wednesday following days of bearish performances. Bitcoin, the leading cryptocurrency by market cap, added 7% to its value on Wednesday to hit the $83,600 mark for the first time this week. 

Bitcoin has slightly retraced and now trades at $82,140 per coin. The positive performance came after President Trump changed course on a steep tariff levy globally. The president paused the tariff for 90 days, causing a relief in the broader financial markets.

Ether, the second-largest cryptocurrency by market cap, added 10% to its value and now trades above $1,600 per coin. XRP was the best performer among the top 10 cryptocurrencies by market cap, up 11% in the last 24 hours. At press time, XRP is trading at $2 per coin.

Thanks to yesterday’s rally, the total cryptocurrency market cap has now reclaimed the $2.6 trillion level.

 

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Author

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Hassan Maishera
Hassan Maishera Senior Reporter

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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