Bitcoin’s value surged over 6%, crossing the $81,700 mark after U.S. President Donald Trump announced a 90-day pause on new tariff hikes.
This announcement provided significant relief to global markets, fostering investor confidence amidst escalating trade tensions.
Bitcoin wasn’t alone in this rise. Major altcoins, including Ethereum, XRP, Solana, and Cardano, experienced notable gains. Ethereum climbed by an impressive 9.54%, XRP soared by 10.01%, and even Elon Musk-backed Dogecoin saw an 8.19% jump.
Experts are attributing this bullish trend to improving regulatory clarity and the stabilization of macroeconomic conditions. Analysts predict this wave of confidence might propel the cryptocurrency market into a phase of mainstream adoption and long-term growth.
However, amidst the euphoria, experts advise investors to exercise caution. Himanshu Maradiya, Chairman of CIFDAQ Group, remarked, “Informed, strategic investments can significantly enhance portfolio resilience during turbulent times.”
The cryptocurrency market remains volatile, but this surge is being lauded as a testament to its resilience and evolving role in the global financial landscape.
