Market Rally Ignited by Trump's Tariff Halt Fuels Crypto Surge
US Crypto Stocks Soar as Trump Announces Temporary Pause on Tariffs
April 9, 2025 - Washington D.C.
In a surprise move, President Donald Trump announced yesterday that the White House will temporarily pause the implementation of new tariffs on imported goods, sending shockwaves through the global markets. The unexpected development has sparked a surge in US crypto stocks, with many top-performing digital assets seeing significant gains.
According to market analysts, the pause in tariffs has alleviated concerns about the potential impact of protectionist measures on global trade, leading to a boost in investor confidence. This, in turn, has triggered a buying frenzy in the crypto space, with many popular digital assets seeing double-digit gains.
Leading the charge was Ethereum, which surged 15% to hit a new all-time high of $2,500. Other top-performing crypto assets included Bitcoin, which rose 12% to $65,000, and Litecoin, which jumped 18% to $350.
In the US, crypto stocks also saw significant gains, with many top-performing companies experiencing double-digit increases. Notable gainers included Coinbase, which rose 25% to $150, and Bitfinex, which surged 20% to $50.
The White House's decision to pause the tariffs has been met with widespread approval from the business community, with many leaders praising the move as a step towards reducing uncertainty and promoting global economic stability.
"This is a welcome development for the global economy," said a spokesperson for the US Chamber of Commerce. "By pausing the tariffs, the White House has sent a clear signal that it is committed to finding solutions that benefit all parties involved."
The impact of the tariff pause on the crypto market is likely to be felt for some time, with many investors looking to capitalize on the increased optimism. As the global economy continues to navigate the challenges posed by the ongoing trade tensions, the crypto market is poised to remain a key player in the global financial landscape.