Bitcoin (BTC) soared back above $82,000 on April 9 after President Donald Trump announced that his administration would pause tariffs on most nations for 90 days, igniting a broad rally in global markets after a bloody week.
Trump’s post, which excluded China from the tariff freeze, framed the decision as a “strategic timeout” aimed at stabilizing global supply chains and preventing a potential recession.
While the White House has not issued a formal statement, markets took Trump’s post as a signal of easing geopolitical risk, with traders quickly rotating into risk-on assets.
Based on CryptoSlate data, Bitcoin was trading at $82,277 as of press time, up 6.25% over the past 24 hours.
Ethereum (ETH) climbed 10% to $1,639, while Solana (SOL), XRP, and other large-cap tokens posted similar gains as markets responded with swift optimism to the announcement. Traders viewed the move as a temporary reprieve from escalating trade tensions, which have pressured risk assets for weeks.
The broader financial markets mirrored the optimism, with over $2 trillion flooded back into equities and traditional risk markets within minutes following the announcement.
As of press time, the S&P 500 was up 7.92%, while the Dow Jones Industrial Average was up over 6.69%. The tech-heavy Nasdaq outperformed and was up 9.74%, with the Invesco QQQ Trust (QQQ) climbing 9.41%.
The rally marked a reversal from last week’s volatility, when an unverified report falsely hinted at tariff delays, causing a brief market surge before officials denied any policy change.
The strong rally indicates renewed investor confidence and increased institutional buying as possible contributors to Bitcoin’s swift move past the $80,000 threshold. The flagship crypto had been trading in a tight range near $76,000 this week.
As volatility persists, both crypto and equity markets are expected to remain sensitive to further policy statements ahead of the next Federal Reserve meeting.
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