Bitcoin Surges 8% After Donald Trump Delays Tariff Hike

Bitcoin (BTC), the world’s largest cryptocurrency, experienced a significant surge in the last 24 hours.

This occurred after the President of the United States, Donald Trump, announced a 90-day delay on most of the newly planned import tariffs, with a special exception for China.

Bitcoin Price Surge

According to data from CoinMarketCap on Thursday, April 10, 2025, the price of Bitcoin rose from US$77,000 to a daily high of US$83,500, marking a gain of over 8% in a single day.

Quoting information from Coinvestasi, at the time this article was written, Bitcoin had undergone a slight correction and was trading around US$82,000.

Trading Volume Spike

This price increase was also accompanied by a spike in trading volume, which reached US$79.4 billion—up more than 63% over the past 24 hours.

Bitcoin’s market capitalization was pushed up to US$1.62 trillion. Overall, the total market capitalization of global crypto assets surged by 8% and now sits around US$2.59 trillion.

U.S. Import Tariff Delay

According to Trump’s post on Truth Social, the new tariffs will be postponed for 90 days and replaced with a reciprocal tariff of 10% for nearly all countries, except China.

For China, the tariffs are instead drastically raised to 125% and take effect immediately.

Reaction from Global Financial Markets

This decision was positively received by global financial markets. U.S. stock markets also strengthened, with the tech-heavy Nasdaq and S&P 500 indices rising by 7% and 8.8%, respectively, in a single trading session.

This positive sentiment was further reinforced by Trump’s earlier statement on his social media, calling it “a very good time to buy.”