Markets surged on Thursday after President Trump announced a 90‑day suspension of tariffs for all countries except China–sparking optimism across both traditional and digital asset sectors. Bitcoin and major indices jumped as investors responded to the unexpected trade relief.

Crypto Reacts Swiftly With Double‑Digit Gains

The announcement, made via Truth Social, slashed tariffs to 10% for most trading partners, while raising them to 125% for Chinese imports. In response, Bitcoin soared 5.6% to $81,600, leading a broad crypto rally. Ethereum followed with a 6.1% increase to $1,600, while XRP jumped 10% to $2,01.

According to CoinGecko, the total market capitalization for digital assets climbed by 4,1%, reaching $2,7 trillion. The policy shift was widely interpreted as a signal of near‑term stability–a sentiment that quickly translated into capital inflows across risk assets.

Bitcoin Targets Key Resistance in Bullish Breakout

Technical indicators suggest Bitcoin is approaching a decisive moment. Analysts observed a double‑bottom pattern on the 4‑hour chart–a setup often associated with bullish continuation. A successful breakout above the $82,000–$83,000 resistance zone could send BTC toward the $85,000–$86,000 range.

Momentum began building after Bitcoin rebounded from the $79,000 support zone. However, analysts also warn that failure to clear overhead resistance could lead to price consolidation or even a short‑term pullback.

Stocks Explode as Wall Street Cheers Policy Shift

Traditional markets reacted just as strongly. The Dow Jones Industrial Average surged by more than 2,000 points, while the Nasdaq gained 8% and the S&P 500 rose over 5%. Analysts linked the gains to renewed investor confidence and a sense that Washington may avoid a broader trade conflict–at least temporarily.

The exclusion of China from the tariff relief introduces continued uncertainty for global trade–but the pause for most countries was enough to reignite bullish sentiment across equities and crypto alike.

See also: Binance CEO: Bitcoin Could Benefit from Trade Wars