Crypto Market Rallies: Bitcoin Gains 10% Amid Renewed Investor Confidence And Tariff Pauses
Bitcoin (BTC) surged 10% over the past week, maintaining a value above $90,000, peaking at $94,000, its highest since March 2. This rise follows President Trump's softened stance on the Federal Reserve and positive trade negotiations with China. Earlier, Trump announced a 90-day pause on significant tariffs, boosting investor confidence. The broader cryptocurrency market also experienced gains, with Ethereum (ETH) up 11%, XRP increasing by 7%, and Solana (SOL) climbing 13%. Investor sentiment improved as Trump indicated a willingness to lower tariffs if trade deals are reached. Treasury Secretary Scott Bessent noted progress in trade discussions with India and other nations. Despite previous volatility linked to tariff announcements, Bitcoin's strength as a decentralized asset is highlighted as investors seek alternatives amid economic uncertainty.
