Bitcoin surged past the $82,000 mark on Wednesday, rallying over 7.6% in a single session, as investor sentiment turned positive following former U.S. President Donald Trump’s announcement of a 90-day tariff pause for countries that have not retaliated against the United States.
The move came alongside a sharp escalation in tariffs on Chinese goods, raised from 104% to 125%, while over 75 countries including India, Vietnam, and South Korea were granted relief through a temporary lower reciprocal tariff of 10%.
This shift in policy provided a boost to global risk assets, triggering a strong rally in the crypto market. Alongside Bitcoin’s rally, Ethereum rose nearly 9%, Solana jumped 12.77%, and XRP surged nearly 10%. Investors appeared to embrace risk as trade tensions showed signs of selective easing, particularly for emerging economies that have held off on retaliation.
The crypto surge mirrors gains in U.S. equities, where the Nasdaq and Dow Jones also posted sharp intraday recoveries.
