A surprising decision came from U.S. President Donald Trump, who announced a 90-day delay in implementing import tariffs for most countries, excluding China. Global markets, including the digital asset market such as crypto, immediately welcomed this move.
The news brought a breath of fresh air amid global economic uncertainty and instantly triggered a significant surge in the prices of several major cryptocurrencies.
Bitcoin, Ethereum, and XRP Prices Soar
Within an hour of the announcement, the price of Bitcoin (BTC) jumped over 4%, breaking past the $81,000 mark. Meanwhile, Ethereum (ETH) rose by nearly 6%, reaching $1,580. XRP also strengthened by nearly 9% to hit $2.00.
This price surge reflects positive investor sentiment toward Trump’s decision, which is seen as a move to ease trade tensions and open space for global economic recovery.
A Positive Signal for Crypto Assets
Analysts view the tariff pause as a sign of a potential shift toward looser economic policy. In the context of the crypto market, this signal has encouraged market participants to regain optimism about the performance of digital assets amid geopolitical uncertainty.
Major investors are also believed to be shifting their focus to alternative instruments like Bitcoin and Ethereum, which are widely recognized as hedges against inflation and economic turmoil.
Conclusion
President Trump's 90-day import tariff delay has immediately impacted the crypto market with a price surge. Bitcoin, Ethereum, and XRP all posted significant gains within hours. If this positive sentiment continues, it may signal the beginning of a new bullish trend in the crypto market.
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