Bitcoin (BTC) surged above $82,000 after President Donald Trump announced on April 9 that his administration would suspend 90-day tariffs and launch a wider rallies in the global market after a bloody week.
Trump’s Post, which excluded China from the tariff freeze, framed the decision as a “strategic timeout” aimed at stabilizing the global supply chain and preventing a potential recession.
The White House has not issued a formal statement, but the market took the Trump post as a signal to mitigate geopolitical risk, and traders quickly turned it into risk-on assets.
Based on Encryption Data, Bitcoin is trading at $82,277 as of press time, an increase of 6.25% over the past 24 hours.
Ethereum (Eth) rose 10% to $1,639, while Solana (SOL), XRP and other large cap tokens recorded similar profits as the market responded to the announcement with Swift’s optimism. Traders viewed the move as a temporary reprieve from growing trade tensions that have been putting pressure on risky assets for weeks.
The broader financial markets reflect optimism, with over $2 trillion flooding stocks and traditional risk markets within minutes of the announcement.
At the time of reporting, the S&P 500 had an increase of 7.92%, with the Dow Jones industrial average above 6.69%. Tech Heavy Nasdaq outperformed, up 9.74%, while Invesco QQQ Trust (QQQ) rose 9.41%.
The rally marked a comeback from last week’s volatility. This led to a short market surge before an unverified report falsely suggested tariff delays and authorities refused to change policies.
The strong rally shows new investors’ trust and increased contributors who may have contributed to the rapid movement of Bitcoin beyond the $80,000 threshold. The flagship code was trading in a tight range of nearly $76,000 this week.
As volatility persists, both the crypto and stock markets are expected to be sensitive to further policy statements ahead of the next Federal Reserve Conference.
Bitcoin Market Data
When reporting 8:04pm, UTC on April 9, 2025Bitcoin ranks number one in terms of market capitalization, and the price is above 6.52% Over the past 24 hours. Bitcoin has a market capitalization $1.63 trillion 24-hour trading volume $71.9 billion. Learn more about Bitcoin›
Overview of the Crypto Market
When reporting 8:04pm, UTC on April 9, 2025Crypto market totals are evaluated by $2.62 trillion There is a 24-hour volume $1610.5 billion. Bitcoin’s advantage is currently underway 62.38%. Crypto Market Details›
