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2w ago

Markets Rally as Trump Pauses Tariffs for Most Nations, Increases Levy on China

Bitcoin nears $82,000, U.S. stocks post record gains, but institutional caution persists with continued crypto ETF outflows.

Image
A man runs past a wall-painted exit pictogram toward a door.
Bitcoin price (CoinDesk)

Overview

  • President Trump announced a 90-day pause on tariffs for over 75 countries, while raising tariffs on Chinese goods to 125%, aiming to ease global trade tensions.
  • Bitcoin surged to nearly $82,000, with major cryptocurrencies like Ether, XRP, and Dogecoin posting double-digit gains following the tariff decision.
  • U.S. equity markets saw their strongest rally since 2008, with the S&P 500 rising 9.5% and the Nasdaq 100 surging 12%.
  • Despite the market rebound, institutional investors withdrew $127.2 million from Bitcoin ETFs and $11.2 million from Ether ETFs, marking a continued trend of capital outflows.
  • Improved investor sentiment was further supported by a better-than-expected U.S. inflation report and the Senate confirmation of Paul Atkins as the new SEC leader, signaling potential regulatory shifts.