Overview

• President Trump announced a 90-day pause on widespread reciprocal tariffs, effective immediately, while maintaining punitive measures against China.
• Bitcoin's price jumped from below $77,000 to approximately $83,000 following the announcement, marking a 6% increase in 24 hours.
• Crypto-related companies saw significant stock gains, including Strategy (up 24%), Coinbase (up 19%), MARA Holdings (up 17%), and Riot Platforms (up 11%).
• Broader U.S. stock indices also rallied, with the Nasdaq rising over 10% and the S&P 500 increasing by 8%.
• The selective tariff pause reflects a strategic approach to balancing domestic market optimism with targeted international trade pressures.