United States President Donald Trump pauses reciprocal tariffs for 90 days and lowers the tariff rate to 10% on countries that do not retaliate.Trump increases reciprocal tariff rate on China to 125% due to China's counter-tariffs against the US.Following the announcement, the S&P 500 index rallied close to 7%, reflecting high capital market volatility amid macroeconomic uncertainty.BitMEX founder predicts a possible devaluation of the Chinese yuan could lead to capital flight into cryptocurrencies.