Bitcoin (BTC) Jumps To $82,000 As Trump Announces 90-Day Pause On Tariffs Except China

Crypto and stock prices have surged in the past hour after US President Donald Trump announced a 90-day pause for tariffs on multiple nations, except China. Bitcoin (BTC), the flagship crypto, now eyes the $83,000 barrier after jumping 6.1% following the news. Related Reading: Bitcoins Next Big Move? Open Interest Says Get Ready Trump Authorizes 90-Day Pause On Tariffs In a Truth Social post, President Trump announced he was raising China tariffs to 125% effect immediately due to a lack of respect shown to the Worlds markets. This move follows Chinas recently announced reciprocal 84% tariff rate on US goods, starting April 10. Based on the lack of respect that China has shown to the Worlds Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable, Trump explained. In the Wednesday post, the US President also revealed he had authorized a 90 days PAUSE for other countries, as 75 nations reached out to multiple US Representatives, including the Departments of Commerce, Treasury, and the US Trade Representative, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non-Monetary Tariffs. Additionally, he authorized an immediate substantially lowered Reciprocal Tariff of 10% during the 90-day pause. In a second post, the President stated, This is a great time to buy. Following the news, stock prices surged, with the S&P 500 (SPX) surging around 6% since the announcement. Meanwhile, the crypto market saw its total market capitalization jump around 5%, with assets like Bitcoin, Ethereum (ETH), XRP, and Solana (SOL) increasing 6%-12% in an hour. Bitcoin Price Surges To $82,000 The flagship crypto climbed from the $76,000-$77,000 range to the $82,000, momentarily reclaiming this level for the first time since Sunday. Its 6% surge has sparked optimism among investors, who saw Bitcoin fall to a five-month low over the weekend. BTC dropped nearly 10% between Sunday and Monday, fueled by the ongoing tariff war. Amid the correction, Bitcoin hit the $74,000 support zone for the first time since November. Related Reading: Solana (SOL) Needs 15% Bounce After Multi-Year Support Retest, Recovery Ahead? On Monday, BTC also saw a brief recovery of the $80,000 barrier after major media outlets reported the White House was considering a 90-day pause on tariffs. However, the cryptocurrency erased most gains after the news turned fake. According to online reports, todays surge triggered $75,000,000 worth of Bitcoin shorts being liquidated in the past 60 minutes. As of this writing, Bitcoin trades at $82,444, a 4.1% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Why Bitcoin Wins No Matter The Outcome Of Trumps Trade War

In an escalation of global economic friction, President Trumps imposed tariffs have roiled financial markets this week, cutting across both equities, Bitcoin and cryptocurrencies. Yet a new memo from Bitwise Asset Management suggests that these headwinds might ultimately propel Bitcoin to new heightsregardless of whether Trumps strategy succeeds or fails. At the beginning of the week, the crypto market witnessed a severe sell-off. Bitcoin declined by about 5%, while Ethereum and XRP suffered even sharper losses17% and 18%, respectively. The immediate catalyst was Trumps imposition of a 25% tariff on most imports from Canada and Mexico, as well as a 10% tariff on China. In retaliation, those trading partners announced countermeasures of their own. Related Reading: Key Indicator Signals DCA Opportunity Amid Bitcoin Buyer Momentum The US dollar reacted by jumping more than 1% against major currencies. That, combined with lingering weekend illiquidity in crypto markets, triggered a wave of forced liquidations as leveraged traders sold into the downdraft. According to Bitwise Chief Investment Officer Matt Hougan, as much as $10 billion in leveraged positions was wiped out in what he described as the largest liquidation event in cryptos history. Despite the dramatic price action, Bitwises Head of Alpha Strategies, Jeffrey Park, remains optimistic about Bitcoins trajectory. He points to two guiding ideas that shape his bullish thesis: the Triffin Dilemma and President Trumps broader aim to restructure Americas trade dynamics. The Triffin Dilemma highlights the conflict between a currency serving as a global reservegenerating consistent demand and overvaluationand the need to run persistent trade deficits to supply enough currency abroad. While this status allows the US to borrow cheaply, it also puts sustained pressure on domestic manufacturing and exports. Trump wants to get rid of the negatives, but keep the positives, Park explains, suggesting that tariffs may be a negotiating tool to compel other nations to the tablereminiscent of the 1985 Plaza Accord, which devalued the dollar in coordination with other major economies. The Two Scenarios: Bitcoin Wins, Fiat Loses Park argues that Bitcoin stands to benefit under two distinct outcomes of Trumps current trade policy: Scenario 1: Trump Succeeds in Weakening the Dollar (While Keeping Rates Low) If Trump can maneuver a multilateral agreementakin to a Plaza Accord 2.0to reduce the dollars overvaluation without boosting long-term interest rates, risk appetite among US investors could surge. In this environment, a non-sovereign asset like Bitcoin, free from capital controls and dilution, would likely attract additional inflows. Meanwhile, other nations grappling with the fallout of a weaker dollar might deploy fiscal and monetary stimulus to support their economies, potentially driving even more capital toward alternative assets like Bitcoin. Related Reading: After The Bitcoin Crash: Will It Rise Or Drop Again? 5 Key Indicators If Trump can bully his way into the position, theres no asset better positioned than bitcoin. Lower rates will spark the risk appetite of US investors, sending prices high. Abroad, countries will face weakened economies, and will turn to classic economic stimulus to compensate, leading again to higher bitcoin prices, Park argues. Scenario 2: A Prolonged Trade War And Massive Money Printing If Trump fails to secure a broad-based deal and the trade war grinds on, global economic weakness would almost certainly invite extensive monetary stimulus from central banks. Historically, such large-scale liquidity injections have been bullish for Bitcoin, as investors seek deflationary and decentralized assets insulated from central bank policies And what if he fails? What if, instead, we get a sustained tariff war? Our high-conviction view is the resulting economic weakness will lead to money printing on a scale larger than weve ever seen. And historically, such stimulus has been extraordinarily good for bitcoin, Park says.. At press time, BTC traded at $98,557. Featured image created with DALL.E, chart from TradingView.com

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Bitcoin Trump trade finished until BTC breaches key $98K resistance

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Bitcoin Volatility To Peak By November 8 As Trump Trade Intensifies Report

According to Bitfinex, Bitcoin (BTC) volatility is set to intensify over the next week. A potent mix of geopolitical and macroeconomic factors has significantly influenced the flagship crypto’s performance, with anticipation for the outcome of the US election and Q4s close setting a potential target of $80,000 by year-end. Bitcoin Volatility About To Reach Its [...]

The post Bitcoin Volatility To Peak By November 8 As Trump Trade Intensifies Report appeared first on Crypto Breaking News.

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