Markets rebound sharply with Bitcoin back above $80,000 as Trump pauses tariffs, except on China
📰 Tariff freeze sparks rally – President Trump’s 90-day pause on most newly-imposed tariffs triggers a strong rebound in global risk assets.
📈 Equities surge – The S&P 500 soared 9.5%, its biggest one-day gain since 2008.
🪙 Crypto joins the rebound – Bitcoin rose more than 5%, Ethereum gained nearly 8%, and altcoins posted even stronger performances. XRP gained more than 8%.
📊 Sentiment recovers – The Crypto Fear & Greed Index has climbed out of ‘Extreme Fear’ reflecting renewed investor optimism.
MARKETS snapped back from recent lows after US President Donald Trump announced a 90-day suspension of newly imposed tariffs against most nations.
The announcement came just days after the measures went into effect, helping to reverse a wave of volatility that had echoed the chaos of early 2020.
The S&P 500 surged 9.5% following the decision, its strongest single-day performance since October 2008. Crypto markets also saw a broad-based rally. Bitcoin (BTC) climbed over 5%, trading above $81,000, while Ethereum (ETH) jumped nearly 8%. Smaller-cap tokens posted even larger gains, with some altcoins gaining more than 10% over 24 hours.
Investor sentiment has improved. The Crypto Fear & Greed Index has exited ‘Extreme Fear’ territory for the first time in days, a possible sign that markets are cautiously embracing the policy shift.
Despite the easing, Trump maintained a hardline stance on China. “Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the tariff charged to China by the United States of America to 125%, effective immediately,” the President said in a post on Truth Social.
The move adds another layer of complexity to an already volatile April, as markets grapple with rising recession risks and a broader reconfiguration of global trade relationships. With central banks possibly poised to begin rate cuts and geopolitical tensions still simmering, it’s anyone’s guess where markets are heading.
In the markets
🌍 Total crypto market cap ⬆️
The global cryptocurrency market capitalisation is approximately $2.6 trillion, reflecting a 6.1% increase over the last day.
🟠 Bitcoin (BTC) ⬆️
Price: Currently trading at $81,670, marking a 5.5% increase in the last 24 hours.
Daily high: $83,425
Daily low: $75,961
💎 Ethereum (ETH) ⬆️
Price: Currently trading at $1,592, reflecting a 7.82% increase in the last 24 hours.
Daily high: $1,679
Daily low: $1,445
📈 S&P 500 ⬆️
The S&P 500 index is currently up 9.52% from the previous close.
😬 Fear & Greed Index
The Crypto Fear & Greed Index is currently at 25/100, indicating a state of Fear among investors.
📊 Bitcoin Relative Strength Index (RSI) (14)
The 14-day RSI for Bitcoin is at 58, suggesting that the asset is in neutral territory.
Post Script…
Cautionary Notes
It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
