On April 9, Bitcoin (BTC) surged past $82,000 after an announcement from President Donald Trump revealed that his administration would halt tariffs on several nations for 90 days, sparking a widespread rally in global markets following a tumultuous week.
The announcement, which notably excluded China from the tariff suspension, was described by Trump as a “strategic timeout” intended to stabilize international supply chains and avert a looming recession.
While there was no formal declaration from the White House, traders interpreted Trump’s statement as a sign of reduced geopolitical tensions, promptly shifting their focus toward riskier investments.
According to data, Bitcoin was priced at $82,277 at the time of writing, reflecting a 6.25% increase in the last 24 hours.
Ethereum (ETH) advanced by 10% to $1,639, while other major cryptocurrencies like Solana (SOL) and XRP exhibited similar upward movement, as market participants reacted with enthusiasm to the news. Many traders viewed this decision as a temporary pause from escalating trade conflicts that had strained risk assets in recent weeks.
The bullish sentiment was evident across broader financial markets, with over $2 trillion returning to equities and traditional risk assets within minutes after the announcement.
As of the latest update, the S&P 500 rose 7.92%, while the Dow Jones Industrial Average climbed over 6.69%. The technology-focused Nasdaq led the way with a 9.74% increase, and the Invesco QQQ Trust (QQQ) rose by 9.41%.
This rally represented a significant shift from last week’s volatility, when an unverified report hinted at potential tariff delays, igniting a brief surge in the market, only for officials to later refute any changes in policy.
The strong upward trend suggests a resurgence in investor confidence and a rise in institutional buying, both likely contributing to Bitcoin’s quick rise beyond the $80,000 mark. The cryptocurrency had been trading within a narrow range around $76,000 earlier in the week.
With ongoing volatility, both cryptocurrency and equity markets are anticipated to remain responsive to additional policy updates in the lead-up to the next Federal Reserve meeting.
Bitcoin Market Data
As of 7:21 pm UTC on Apr. 9, 2025, Bitcoin holds the #1 spot by market capitalization, with a price increase of 6.52% in the past 24 hours. The market cap stands at $1.63 trillion, with a trading volume of $71.9 billion in the last 24 hours. Learn more about Bitcoin ›
Crypto Market Summary
At the same time 7:21 pm UTC on Apr. 9, 2025, the overall crypto market is valued at $2.62 trillion, with a 24-hour volume of $161.05 billion. Bitcoin’s dominance currently sits at 62.38%. Learn more about the crypto market ›