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Trump Pauses Tariffs: Markets Rally, Bitcoin Surges to $82K

  • US President Donald Trump declared a 90-day pause of reciprocal tariffs with over 75 countries, sending shockwaves through traditional and crypto markets.
  • While extending an olive branch to the rest of the world, Trump raised tariffs on Chinese goods to 125% due to China's 'lack of respect' for global markets.
  • The US stock market added $4 trillion in value within 15 minutes, with the S&P 500 surging nearly 7% due to the tariff pause, indicating a possible cooling-off in global trade tensions.
  • Bitcoin surged 6.6% to reach $82,000, leading to the liquidation of over $75 million worth of BTC shorts.

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