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Why Crypto Market Is Up Today: Trump’s Tariff Pause Sends Bitcoin to $82K
The crypto market has just got a surprise boost – thanks to Donald Trump. In an unexpected policy shift, the former President paused the global tariff war for 90 days, sending shockwaves through financial markets. Cryptocurrencies responded rapidly, with major coins like Bitcoin, Ethereum, and XRP all surging.
As Trump announced a 90-day suspension of the tariff war with most countries, the cryptocurrency market rose sharply, with ETH climbing to over $1,600 and Solana-based Fartcoin soaring an astonishing 28% in a single day. Meme coins such as BONK and WIF also outpaced even Trump’s own token, TRUMP, which rose by 8.1%.
The market relief has sparked hope that the cryptocurrency space is once again gaining momentum after a recent downturn. While many top coins are still far from their record highs, today’s rally shows that investors are cautiously optimistic about the prospects of the crypto market.
In the altcoin space, Cardanbno (ADA), Avalanche (AVAX), and Sui (SUI) each gained over 10%, while meme coins like Fartcoin rose by a whopping 28%. Solana-based meme coins like BONK and WIF also outpaced the broader market, surging in value.
Source: https://coinpedia.org/news/why-crypto-market-is-up-today-trumps-tariff-pause-sends-bitcoin-to-82k/
