- Trump pauses tariffs for 90 days, igniting a crypto market rebound.
- Bitcoin spikes to $83K, ETH jumps 12%, and XRP crosses $2.
- Ripple gains momentum with Dubai license and ETF filing in the U.S.
Bitcoin’s price surged nearly 10% to $83,453 following Donald Trump’s 90-day tariff pause announcement. This signaled a temporary de-escalation in trade tensions.
XRP, which has been regaining traction, shot up over 10% and broke past the $2 barrier. Ripple’s recent achievements—including obtaining an operational license in Dubai and filing for a spot XRP ETF in the U.S.—have sparked renewed interest.
Trump Tariff U-Turn Triggers Crypto Rebound: Bitcoin, Ethereum, XRP Lead the Surge
Donald Trump’s 90-day tariff pause has sent shockwaves through the financial markets, especially crypto. His announcement, made on Truth Social, temporarily relieved mounting fears over a global trade war. Investors, who had been fleeing riskier assets, swiftly returned to the crypto sector in search of upside potential.
Bitcoin’s rally to over $83K was driven by both macroeconomic relief and a surge in trading volume. Trading volume jumped 20% to reach $70 billion. While the price has cooled slightly to $81,600, the strong momentum has set the tone for a possible extended bull run through Q2 2025.
Ethereum outpaced Bitcoin in terms of percentage gains, soaring over 12% in 24 hours. This performance came as investors rebalanced portfolios toward altcoins. They anticipated that easing macro pressures could reignite interest in decentralized platforms and smart contract adoption.
XRP’s breakout above $2 comes on the back of strong fundamentals. With a new license in Dubai and a spot ETF application in the U.S., Ripple is strengthening its global presence. These developments, combined with positive price action, position XRP for a potential rally toward the $3 mark.
The crypto market’s swift turnaround highlights just how reactive investors are to global policy shifts. With optimism back on the table, the next 90 days could define the trajectory of crypto in 2025.
“Markets move not just on numbers—but on narrative.” — Barry Ritholtz
