Former President Donald Trump has halted all tariff actions for 90 days, except for China, which has caused a surge in global financial markets.
After the announcement, Bitcoin's price jumped to $82,600, Ethereum's value increased to $1,650, and the S&P 500 stock index and the Nasdaq Composite experienced significant gains.
However, concerns remain about the wider issue of global trade turbulence, as the 90-day tariff truce does not resolve the long-term uncertainty with China.
The market's reaction is driven by sentiment rather than substantive change, and the possibility of the market shifting again remains high.