Overview

• Bitcoin's price jumped over 7% to exceed $81,000 after President Trump announced a 90-day pause on reciprocal tariffs for most countries, excluding China.
• The pause includes a reduced 10% tariff rate during this period, while tariffs on Chinese imports were raised to 125%, intensifying U.S.-China trade tensions.
• Altcoins such as Ethereum, Solana, and XRP also posted significant gains, with price increases ranging from 8% to 12% following the announcement.
• The broader cryptocurrency market remains volatile, with ongoing concerns about geopolitical trade disputes and potential long-term economic impacts.
• Crypto-adjacent industries, including Bitcoin mining firms, continue to face challenges from increased production costs due to tariffs on imported ASIC chips.