The U.S. tariff landscape has shifted again. This morning, Trump announced a 90-day "tariff pause" for over 75 countries actively negotiating trade, currency, and tariff matters with the U.S., reducing tariffs to 10% during this period. However, China will face a 125% tariff immediately. This policy pivot triggered rallies in both U.S. stocks and cryptocurrencies.

OKX live data shows BTC briefly surpassing 83,500,currentlyat82,600 (+8.23% in 24h); ETH peaked at 1,680,nowat1,670 (+13.27%); SOL briefly crossed 120,nowat119 (+12.60%). Other altcoins also surged: HYPE hit 14.01(+25.90.5002 (+24.9%), and PEPE climbed to $0.00000702 (+17.5%).

U.S. stocks closed sharply higher: Dow Jones (+7.87%, biggest gain since March 24, 2020), S&P 500 (+9.52%, largest since October 28, 2008), Nasdaq (+12.16%, biggest since January 3, 2001, and second-largest ever), and Russell 2000 (+8.66%, largest since March 24, 2020).

Crypto market cap surged past 2.7trillion(+6.2589 million liquidated in 24h, including 214millionlongsand375 million shorts. BTC accounted for 235million,ETHfor167 million.

Trump Suspends "Reciprocal Tariffs," Stocks Soar—Is the Bull Market Back?

Tariff Pause: A Brief Respite, Not a Resolution
Analysts remain cautious despite short-term rallies. Many view the "reprieve" as politically expedient rather than economically sound, potentially fueling more chaos. Key perspectives:

• Senate Minority Leader Schumer: "Trump’s government is chaotic. He changes daily, advisors argue, and this isn’t how a country should be governed."

• John Canavan, Oxford Economics: "It’s unclear if tariffs are truly paused or just reduced to 10%. While this reduces worst-case threats, uncertainty persists as tariff levels fluctuate daily."

• Steve Sosnick, Interactive Brokers: "The pause was unexpected given the administration’s stance. It reduces but doesn’t eliminate uncertainty—companies still can’t plan beyond 90 days."

• Amarjit Sahota, FX: "The 90-day pause creates more uncertainty. This feels like poor policy or execution."

• Mark Hackett, National Investment Management: "An 8% Nasdaq spike in 20 minutes isn’t healthier than an 8% drop. I’m cautious."

Crypto’s Next Moves?

• Arthur Hayes (BitMEX): Watch the RMB exchange rate adjustment by the PBOC on Thursday to gauge China’s response.

• Ali Martinez: "If BTC holds 80,700,itcouldtarget84,000–$87,000."

• Santiment: "The tariff pause is temporary. Markets overreacted to false reports 48 hours ago and Tuesday’s 104% China tariff announcement."

• Zach Pandl (Grayscale): "Stagflation from tariffs may benefit Bitcoin, like gold, which thrives in scarcity-driven environments."

While short-term relief has eased tensions, persistent tariff uncertainties continue to pressure markets.

The U.S. tariff landscape has shifted again. This morning, Trump announced a 90-day "tariff pause" for over 75 countries actively negotiating trade, currency, and tariff matters with the U.S., reducing tariffs to 10% during this period. However, China will face a 125% tariff immediately. This policy pivot triggered rallies in both U.S. stocks and cryptocurrencies.

OKX live data shows BTC briefly surpassing 83,500,currentlyat82,600 (+8.23% in 24h); ETH peaked at 1,680,nowat1,670 (+13.27%); SOL briefly crossed 120,nowat119 (+12.60%). Other altcoins also surged: HYPE hit 14.01(+25.90.5002 (+24.9%), and PEPE climbed to $0.00000702 (+17.5%).

U.S. stocks closed sharply higher: Dow Jones (+7.87%, biggest gain since March 24, 2020), S&P 500 (+9.52%, largest since October 28, 2008), Nasdaq (+12.16%, biggest since January 3, 2001, and second-largest ever), and Russell 2000 (+8.66%, largest since March 24, 2020).

Crypto market cap surged past 2.7trillion(+6.2589 million liquidated in 24h, including 214millionlongsand375 million shorts. BTC accounted for 235million,ETHfor167 million.

Trump Suspends "Reciprocal Tariffs," Stocks Soar—Is the Bull Market Back?

Tariff Pause: A Brief Respite, Not a Resolution
Analysts remain cautious despite short-term rallies. Many view the "reprieve" as politically expedient rather than economically sound, potentially fueling more chaos. Key perspectives:

• Senate Minority Leader Schumer: "Trump’s government is chaotic. He changes daily, advisors argue, and this isn’t how a country should be governed."

• John Canavan, Oxford Economics: "It’s unclear if tariffs are truly paused or just reduced to 10%. While this reduces worst-case threats, uncertainty persists as tariff levels fluctuate daily."

• Steve Sosnick, Interactive Brokers: "The pause was unexpected given the administration’s stance. It reduces but doesn’t eliminate uncertainty—companies still can’t plan beyond 90 days."

• Amarjit Sahota, FX: "The 90-day pause creates more uncertainty. This feels like poor policy or execution."

• Mark Hackett, National Investment Management: "An 8% Nasdaq spike in 20 minutes isn’t healthier than an 8% drop. I’m cautious."

Crypto’s Next Moves?

• Arthur Hayes (BitMEX): Watch the RMB exchange rate adjustment by the PBOC on Thursday to gauge China’s response.

• Ali Martinez: "If BTC holds 80,700,itcouldtarget84,000–$87,000."

• Santiment: "The tariff pause is temporary. Markets overreacted to false reports 48 hours ago and Tuesday’s 104% China tariff announcement."

• Zach Pandl (Grayscale): "Stagflation from tariffs may benefit Bitcoin, like gold, which thrives in scarcity-driven environments."

While short-term relief has eased tensions, persistent tariff uncertainties continue to pressure markets.