Crypto Market Goes Wild as Trump Halts Tariffs for 90 Days

Holy smokes, Ethereum and Solana just rocketed to the moon after President Trump dropped a bombshell about pausing tariffs for 90 days! The crypto world is buzzing!

Ethereum (ETH) was chilling just under $1,500, but then—boom! It soared over 11% to blast past $1,650. Talk about a wild ride!

Solana (SOL) wasn't far behind, skyrocketing 13% and joining the epic crypto rally. SOL smashed through the $120 barrier like it was nothing.

Trump's tweet was fire: "Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off…"

The market was buzzing with fresh optimism, and it wasn't just ETH and SOL that went ballistic within minutes.

Bitcoin (BTC) had been dipping below $80k and flirting with $74k, but then it caught fire on the news of the 90-day tariff pause. Trump said it was effective immediately and applied to several countries.

Analysts at CryptoQuant were all over it, noting that BTC's spike to $82k triggered a whopping $92 million in short liquidations in just one hour. That's insane!

Bitcoin shot up 5% in under an hour. Price broke above $82K, triggering $92M in short liquidations in the same hour.

Coinglass data showed total liquidations in the last 24 hours hit $574 million, with over $342 million of those being shorts. Bearish bets got wiped out as investors in the broader digital asset markets also pumped up XRP, Cardano, and Dogecoin.

Most altcoins saw some serious gains.

The stock market was just as wild, with the S&P 500 surging over 7% and Nasdaq jumping 9%. The Dow Jones Industrial Average spiked more than 2,400 points, marking its biggest single-day jump in five years. Crazy times!

But hold up—Trump also slapped China with a 125% tariff after they retaliated to his earlier 50% hike with their own 50%, pushing their tariffs on the U.S. to 84%. What's Beijing going to do next? That's the million-dollar question.

While traders are riding this wave of market optimism, China's exclusion from the 90-day pause might put a damper on things. What happens next is key, folks. Stay tuned!