Bitcoin Surges to $81K as Trump Delays Tariffs on Other Countries
Cryptocurrencies experienced a surge following Donald Trump's announcement regarding tariffs. Key points include:
- Trump announced a 90-day delay on tariffs, reducing the rate to 10% for countries except China.
- Tariffs on China were raised to 125%, effective immediately.
- Bitcoin's price increased by 5.5%, reaching over $81,000.
- Major altcoins like XRP, SOL, AVAX, LINK, HBAR, and SUI saw gains exceeding 10%.
- Ethereum rose 8%, reaching $1,600.
- U.S. stock markets also responded positively, with the Nasdaq up 7% and the S&P 500 up 8.8%.
Earlier, Trump suggested it was "a great time to buy."