The crypto market just got a surprise boost—thanks to Donald Trump. In a sudden policy flip, Trump paused the global tariff war for 90 days, sending shockwaves through financial markets. Cryptocurrencies responded fast, with major coins like Bitcoin, Ethereum, and XRP all soaring.
After weeks of downward pressure from rising tariffs, crypto finally got a breather. Bitcoin jumped from $76K to $82K in just a few hours, reclaiming levels not seen since Sunday. Ethereum surged 15% to over $1,600, while XRP jumped 15.3% to cross $2. The total liquidations in the past 24 hours hit $587 million, with $374 million wiped out from short positions alone, according to Coinglass.
Before the announcement, the crypto space was bleeding. Bitcoin had fallen to $74,000—the lowest in five months—after Trump launched a wave of tariffs on nearly every U.S. trading partner. Ethereum and XRP were also down more than 20% each. But once the news of a 90-day pause broke, the tide turned fast.
Interestingly, while Trump paused most tariffs, he also escalated things with China. Tariffs on Chinese goods were bumped up to 125%, following a sharp response from Beijing, which threatened 84% tariffs on U.S. imports. Trump justified the reason behind the move by accusing China of “disrespect” in trade negotiations.
Despite the China clash, markets responded positively to the overall pause. The move was seen as a signal that Trump might be open to compromise.
Altcoins followed the surge. Cardanbno (ADA), Avalanche (AVAX), and Sui (SUI) each gained over 10%. Meme coins had their moment too—Solana-based Fartcoin rose 28% in a single day and is now up a whopping 259% in the last month. Other Solana memecoins like BONK and WIF jumped 14%, outpacing even Trump’s own token, TRUMP, which rose 8.1% to $8.25.
On Ethereum, Shiba Inu (SHIB) and Pepe (PEPE) also soared over 10%, helping push the meme coin market up by 8.5% overall.
Despite today’s rally, many top coins are still far from their record highs. DOGE is down 78% from its 2021 peak, XRP is still 40% below its 2018 high, and Solana is nearly 60% off its January top.
Still, for a market that was in deep red just days ago, Trump’s pause has sparked real hope and reminded everyone that in crypto, one headline can change everything.
Crypto jumped after Trump paused global tariffs for 90 days, easing market fears and boosting investor confidence.
ADA, AVAX, and SUI all surged over 10%, while meme coins like BONK, WIF, and Fartcoin outpaced the broader market.
Yes, Solana and Ethereum-based meme coins soared up to 28%, fueled by market relief and renewed retail interest.
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