Trump's Tariff Pause Sparks Crypto Rally: Bitcoin Surges Over 8%, Ethereum Jumps 13%

New Delhi, April 10 The global cryptocurrency market witnessed a dramatic upswing today after US President Donald Trump announced a 90-day delay on reciprocal tariffs for countries other than China. The decision injected fresh optimism into both stock and digital asset markets, with Bitcoin (BTC) and other top cryptocurrencies soaring in response.

Ethereum

According to CoinMarketCap, Bitcoin surged by 8.29%, trading at $81,688.96 as of 4:00 PM IST. Earlier in intraday trading, Bitcoin touched a high of $83,541, continuing its bullish momentum since Trump’s renewed push for a pro-crypto regulatory stance.

Trump’s Crypto-Friendly Campaign Promises Fuel Market Sentiment

Trump’s prior campaign pledges to ease crypto regulations and create a strategic crypto reserve have already led to strong rallies in the digital asset space following his election. However, the looming threat of a global trade war due to his aggressive tariff policies had earlier sent the markets—including crypto—into a downtrend.

Bitcoin had briefly fallen to the $73,000 range, driven by fears of global economic slowdown. But now, with the tariff pause, risk appetite appears to be returning.

Major Cryptocurrencies Post Double-Digit Gains

Not just Bitcoin, but almost every major digital asset posted strong gains:

• Ethereum (ETH): +13.04%, now at $1,614.67

• XRP: +12.69%

• Solana (SOL): +11.28%

• Dogecoin (DOGE): +10.79%

• Cardano (ADA): +10.68%

• Tron (TRX): +5.63%

• BNB: +5.61%

• Tether (USDT): +0.06%

• USD Coin (USDC): +0.01%

The global cryptocurrency market cap rose by 8.72%, reaching $2.59 trillion, while 24-hour trading volume skyrocketed 41.09% to $168.12 billion.

Bitcoin Dominance and Market Position Strengthen

Bitcoin’s dominance in the overall crypto market improved by 0.09%, now commanding a 62.57% share. The price rebound strengthens Bitcoin’s position as the leading digital asset, particularly amid growing speculation around reduced regulatory hurdles and global inflationary pressures.

Final Outlook

Trump’s move to pause aggressive tariffs—originally set to hit key trading partners like Vietnam and the EU—has not only calmed global trade fears but also reignited investor confidence in high-risk, high-reward assets like crypto.

With the crypto market now sitting at a multi-month high, attention will turn to upcoming economic data and any further policy direction from the Trump administration, especially concerning crypto regulation and international trade.