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Bitcoin Jumps 6% to $81K as Crypto Prices Surge on Trump’s Tariff Pause
Cryptocurrencies jumped on Wednesday on news that Donald Trump stepped back some tariff burdens on countries — except for China.
According to Trump’s post on Truth Social, he issued a 90-day delay on tariffs and a substantially lowered 10% rate of reciprocal tariff for this period against all countries except China. Meanwhile, he said he raised tariffs for China to 125%, «effective immediately.»
Bitcoin (BTC), treading water around $77,000 during most of the U.S. session, surged above $81,000 on the news, up 5.5% over the past 24 hours.
Altcoin majors rallied even more, with XRP, Solana’s SOL, Avalanche’s AVAX, Chainlink’s LINK, Hedera’s HBAR and SUI posting over 10% gains in the broad-market CoinDesk 20 Index. Ethereum’s ETH rallied to $1,600, up 8% during the same period.
U.S. stocks also reacted positively, with the Nasdaq and the tech-heavy S&P 500 indexes up 7% and 8.8% through the day’s session.
Earlier Wednesday, Trump had posted that it was «a great time to buy.»
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From Startup Battlefield to the Disrupt Stage: Discord founder Jason Citron returns to TechCrunch Disrupt 2025
From Startup Battlefield in 2013 to the Disrupt Stage in 2018: Discord founder Jason Citron returns to TechCrunch Disrupt 2025 in San Francisco on October 27-29. Register here to join.
The company is updating Seller Assistant, its AI tool for third-party sellers, to help handle tasks on the seller’s behalf.
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VC firm Insight Partners says thousands of staff and limited partners had personal data stolen in a ransomware attack
The venture capital giant, behind cyber giants Wiz and Databricks, notified current and former employees, as well as the firm’s limited partners, that their data was stolen in a January cyberattack.
From Startup Battlefield to the Disrupt Stage: Discord founder Jason Citron returns to TechCrunch Disrupt 2025
Amazon launches AI agent to help sellers complete tasks and manage their businesses
VC firm Insight Partners says thousands of staff and limited partners had personal data stolen in a ransomware attack
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