Trump tariff truce crypto rally. As prominent cryptocurrencies soared in response to former U.S. President Donald Trump’s declaration of a 90-day tariff truce, Ethereum (ETH) and Solana (SOL) witnessed notable increases. The revelation set off a tsunami of hope in the equity and crypto markets.
Ethereum Breaks Past $1,650
Ethereum price surged more than 11%, climbing from below $1,500 to above $1,650.
The rally followed weeks of price stagnation amid growing market hopes of eased global trade tensions.
Solana Spikes Above $120
Solana jumped 13%, pushing the SOL price over $120.
The breakout adds to growing bullish momentum seen across significant altcoins.
Bitcoin Bounces to $82K Amid Short Liquidations
Rising 5% in less than an hour, Bitcoin Market Decline (BTC) bounced quite dramatically. After the tariff suspension announcement, its price jumped from around $74K to above $ 82K. Within one hour, CryptoQuant claimed the action set off $92 million in short liquidations.
“Price broke above $82K, triggering $92M in short liquidations.” — CryptoQuant.com, April 9, 2025
CoinGlass data further confirmed:
$574 million in total liquidations in the past 24 hours
$342 million of those were from short positions
Market-Wide Rally Lifts XRP, Cardano, and Dogecoin
Most altcoins, including XRP, Cardano (ADA), and Dogecoin, recorded solid gains.
Investor sentiment surged following Trump’s announcement and subsequent activity in U.S. equity markets.
Stock Markets Mirror Crypto Gains
The S&P 500 soared 7%, while the Nasdaq spiked 9%.
The Dow Jones Industrial Average surged over 2,400 points—its most significant single-day gain in five years.
Tariff Tensions With China Remain
Citing ongoing trade imbalances, Trump tariff truce crypto rally imposed a 125% tariff on Chinese goods, notwithstanding the temporary relief:
“Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China… to 125%.” — Donald Trump via Truth Social, April 9, 2025
This came in response to China raising its tariffs to 84% after Trump’s previous 50% hike.
Notably, China is excluded from the 90-day tariff pause, potentially limiting further upside in global markets.
What’s Next for Crypto and Markets?
As optimism lifts digital assets and stocks, investors are watching for:
Beijing’s potential response to the 125% tariff hike.
Whether the 90-day tariff reprieve expands beyond select countries.
Continued bullish momentum in significant assets like Bitcoin, Ethereum, and Solana.
