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U.S. stock markets and cryptocurrencies Surge on Thursday following former President Donald Trump’s announcement of a 90-day suspension on most international tariffs. The decision, made public via a White House statement and reposted on Truth Social, has injected fresh optimism into a market rattled by trade tensions and monetary policy uncertainty.
Under the new directive, the U.S. will lower tariff rates to 10% for the majority of its international trading partners. However, China remains the outlier, with tariff rates climbing to 125% — a clear sign that the administration is maintaining its hardline stance amid ongoing disputes with Beijing.
Wall Street Rallies
Wall Street responded with one of its most robust single-day rallies in recent months. The sharp turnaround follows what had been a dismal week for equities, offering hope that easing trade barriers could revive investor confidence. Analysts suggest the temporary pause may mark a crucial pivot point, especially as global supply chains continue to recover.
Crypto Markets Follow Suit
The ripple effect extended to crypto. Bitcoin soared to $82,000, leading a broad-based recovery across digital assets. The total crypto market cap swelled by over 8% in 24 hours, reaching $2.59 trillion.
XRP emerged as a standout performer, surging more than 12% to briefly touch $2. The token rebounded from a critical support zone around $1.75 and is now challenging resistance between $2.14 and $2.15. A breakout above this range could target higher levels, potentially reaching $2.47 or even $2.56 based on current technical indicators.
Cautious Optimism Remains
Despite the bullish surge, traders are urging caution. On higher time frames, XRP remains within a broader bearish structure. Analysts warn that only a sustained breakout beyond key resistance zones will confirm a true reversal in trend.
Still, the tariff pause has clearly ignited risk-on sentiment — a welcome shift for both traditional and digital markets navigating a volatile global landscape.
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.
Also Read: Ripple vs. SEC Case: Ripple Claims XRP Lawsuit Settled, SEC Disagrees: What’s the Real Status?
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
