On April 10, Bitcoin (BTC) saw a strong rebound after U.S. President Donald Trump approved a 90-day delay and significantly reduced retaliatory tariffs to 10% for over 75 countries — those that have proactively engaged in trade negotiations with the U.S. and have refrained from retaliatory measures.
However, he also announced an increase in tariffs on Chinese goods to 125%, citing China’s retaliatory actions against the U.S.
The total crypto market cap surged 8.37% following Trump’s statement, reflecting high market volatility amidst ongoing macroeconomic instability and escalating trade tensions.
Within just 24 hours, BTC surged by 8.92%, reaching a price of $82,201. Other altcoins also responded positively, with ETH rising by 15.25%, XRP by 13.56%, SOL by 12.81%, and DOGE by 11.93%.
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