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President Donald Trump’s announcement of a 90-day suspension of his sweeping tariff war has triggered a stunning rebound in both the U.S. stock and cryptocurrency markets. Just days after suffering a brutal sell-off fueled by aggressive tariff threats, global markets have now staged one of their most remarkable comebacks in recent memory.
Earlier this week, Trump launched a barrage of tariffs targeting multiple nations, including China, Canada, and — in a bizarre twist — even an uninhabited penguin island. The move sent shockwaves through financial markets, erasing over $1.5 trillion from U.S. equities and dragging major cryptocurrencies like Bitcoin and Ethereum deep into the red.
As Trump announced a 90-day suspension of the tariff war with most countries, the cryptocurrency market rose sharply, with ETH rising 15% to over $1,600 and XRP rising 15.3% to over $2. The liquidation amount in 24 hours reached $587 million, and the short position liquidation…
— Wu Blockchain (@WuBlockchain) April 9, 2025
However, Trump’s unexpected pivot — a 90-day halt to tariffs for most countries, excluding China — has flipped the narrative. The result: a $4 trillion surge in the U.S. stock market and a $2.5 trillion boost in the global crypto market within just 15 minutes of the announcement.
BOOMMMMM !!!!!
— Ash Crypto (@Ashcryptoreal) April 9, 2025
🇺🇸 US STOCK MARKET HAS ADDED
$4 TRILLION IN 15 MINUTES.
WHILE THE TOTAL CRYPTO MCAP IS
JUST $2.5 TRILLION. WE ARE GOING
MUCH HIGHER IN 2025 pic.twitter.com/bVANV4bpin
Ethereum (ETH) jumped 15% to over $1,600, while XRP soared 15.3% past the $2 mark. The reversal also sparked massive liquidations, with over $587 million in positions wiped out, including $374 million in short bets.
Market sentiment has turned euphoric. Analysts now speculate that the rally may be far from over, as investors reassess their strategies amid shifting geopolitical tides. The tariff truce, though temporary, is being interpreted as a sign that diplomacy could prevail — at least for now.
The image circulating online of an “endless sea of green” captures the mood perfectly: optimism has returned. With alliances shifting and economic forecasts improving, traders are now eyeing the next 90 days as a potential golden window for profit.
Also Read: Bitcoin Inflows to Binance Reach $1.82B as CPI and Trump’s Tariff Policy Shake Market Sentiment
While the tariff war may reignite once the suspension ends, markets are making it clear — for now, relief is bullish.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
