Bitcoin Jumps 6% to $81K as Crypto Prices Surge on Trump's Tariff Pause

President Trump said he authorized a 90-day pause on tariffs on countries that haven't retaliated against the U.S.

• Cryptocurrencies surged after President Donald Trump announced a 90-day pause on tariffs for countries except China.
• Trump also raised tariffs on China to 125% while reducing reciprocal tariffs on other countries to 10% during the delay period.
• Bitcoin rose above $81,000, and major altcoins, including XRP and Solana's SOL, posted over 10% gains.

Bitcoin surged by 6% reaching $81,000 as the cryptocurrency market reacted to President Trump's decision to halt tariffs on countries that did not retaliate against the U.S.

Cryptocurrencies enjoyed a boost following Trump's announcement of a 90-day suspension of tariffs for all countries except China. During this period, reciprocal tariffs were slashed to 10% while China faced an increase to 125%.

In response to this news, Bitcoin surpassed the $81,000 mark while other major altcoins like XRP and Solana's SOL recorded gains exceeding 10%.