- Major cryptocurrencies like Bitcoin, Ethereum, XRP, and Solana saw huge price jumps over the last 24 hours
- A post by Trump suggesting it’s “a great time to buy” before the official policy change raised doubts
U.S President Donald Trump is in the news today after he announced a major change in policy. After much deliberation, the U.S President has paused the ongoing tariff war for 90 days.
Thanks to the same, the wider crypto-market reacted sharply and positively.
Source: X
Why is the crypto market rising?
In a post on X (Formerly Twitter), Trump stated,
“I have authorized a 90-day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!”
Following this announcement, not only did the cryptocurrency market skyrocket, but the wider financial market also surged. Thanks to the same, struggling investors and traders finally found some relief from the markets.
That’s not all though, with the President soon adding,
“THIS IS A GREAT TIME TO BUY!!! DJT.”
Worth pointing out, however, that this statement appeared before he announced the 90-day tariff pause. This raised concerns and accusations that he might be involved in insider trading, as claimed by Senator Adam Schiff on Wednesday.
Source: X (Formerly Twitter)
Crypto prices go boom!
Besides these allegations though, the cryptocurrency market appears healthy and is seeing some strong upward momentum now. Especially with major assets recording impressive price surges.
Bitcoin [BTC] soared from $76,000 to $82,000 in just a few hours, while Ethereum [ETH] skyrocketed by 16% to reclaim the $1,680-level. Additionally, XRP and Solana [SOL] also recorded gains of over 15%.
The likes of Dogecoin [DOGE], Shiba Inu [SHIB], Pepe [PEPE], Bonk [BONK], Fartcoin [FARTCOIN], and Trump [TRUMP] also soared by 9%, 13%, 8.5%, 11%, 37%, and 7%, respectively.
All-time high yet to come?
Despite this notable rally, major cryptocurrencies are still far from their all-time highs. For instance – XRP is still down by over 45% from its peak, SOL by over 65%, and DOGE by more than 80% from the peak in 2021.
This makes it clear that one bold headline can change everything, from market sentiment to the entire market structure.
