Bitcoin Surges as Trump Announces Tariff Pause
- US President Donald Trump announced a 90-day tariff pause for multiple nations, excluding China.
- Trump raised tariffs on China to 125% due to perceived disrespect towards global markets.
- China responded with an 84% tariff on US goods starting April 10.
- Bitcoin price surged by 6.1%, reaching $82,000 after the announcement.
- $75 million worth of Bitcoin shorts were liquidated in the past hour.
The announcement of a tariff pause led to a significant increase in Bitcoin’s value, climbing from the $76,000-$77,000 range to $82,444. This surge followed Trump’s decision to raise tariffs on China while pausing them for other countries.
Source (2.6)https://www.newsbtc.com/news/bitcoin/bitcoin-btc-jumps-to-82000-as-trump-announces-90-day-pause-on-tariffs-except-china/?rand=52377
