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    Home » Crypto and Stocks Surge After Trump Delays Tariff Hikes
    Trump tariff delay crypto rally
    Crypto News

    Crypto and Stocks Surge After Trump Delays Tariff Hikes

    Ali MalikBy Ali MalikApril 10, 2025No Comments2 Mins Read

    Trump tariff delay crypto rally Following President Donald Trump’s 90-day stop on intended trade tariffs, the crypto market jumped Thursday. This surprising event turned off a general comeback in digital assets and world stocks.

    Bitcoin, Ethereum, and Altcoins Rebound

    Following several days of steep declines driven by trade tensions, the crypto market staged a dramatic comeback:

    • Bitcoin (BTC) jumped as much as 9%, briefly touching $82,500 before settling around $81,700.

    • Ethereum (ETH) surged 13.4%, hitting $1,611.

    • XRP climbed 13%, with other altcoins posting double-digit gains.

    • Standouts included Flare (FLR) and Ondo, which gained, followed by sharp losses across markets, where investors braced for increased U.S.-China trade hostilities.

    Trump’s Tariff Delay Triggers Market Optimism

    Late Wednesday, President Trump announced a 90-day delay on proposed tariff hikes, easing investor concerns temporarily. However, tensions remain high:

    • The White House confirmed plans to raise tariffs on Chinese imports to 125%, signaling continued pressure on Beijing.

    • China had hiked levies on U.S. goods to 84%, escalating a volatile trade dispute.

    • While the pause brought short-term relief, a 10% blanket duty on most U.S. imports remains.

    • Existing tariffs on autos, steel, and aluminum also stay unchanged.

    Equities and Crypto Markets Rally

    The tariff news sparked one of the strongest market rallies in recent memory:

    • The S&P 500 soared 9.5%, marking its best single-day performance since October 2008.

    • The total crypto market cap climbed 5.9% to $2.68 trillion, according to CoinGecko.

    Mass Liquidations Hit Derivatives Traders

    The sudden rebound led to significant shakeouts in the derivatives market:

    • Over 131,555 traders were liquidated, with total losses reaching $487.1 million.

    • Bitcoin liquidations topped $185.2 million, followed by Ethereum at $138.8 million.

    “The rally may be short-lived. Structural headwinds are likely to persist through earnings season,” said Markus Thielen, Head of Research at 10X Research, in an interview with Cryptonews.

    What’s Next for Crypto Investors?

    Trump tariffs delayed the crypto rally. Geopolitical threats loom, and market volatility is still high, notwithstanding the rebound. Macroeconomic uncertainty still affects attitude; hence, investors should be informed and attentively observe changes.

    Trump tariff delay crypto rally
    Ali Malik
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