Cryptocurrencies on Wednesday jumped on news that Donald Trump was returning some customs burdens on countries – except China.
According to Trump’s speech on truth that was social, he issued a 90-day delay on tariffs and a significantly lowering 10% interest rate of mutual duty for this period against all countries except China. Meanwhile, he said he raised tariffs for China to 125%, “with effect immediately.”
Bitcoin (BTC), which draws water about $ 77,000 during most of the US session, rose over $ 81,000 on the news, an increase of 5.5% over the last 24 hours.
Altcoin Majors gathered even more, with XRP, Solana’s Sun, Avalanche’s Avax, Chainlink’s Link, Hederas Hbar and Sui, posting over 10% winnings in the broad market Coindesk 20 index. Ethereums ETH stood together for $ 1,600, an increase of 8% in the same period.
US stocks also responded positively to Nasdaq and the tech-heavy S&P 500 indexes 7% and 8.8% throughout today’s session.
Earlier Wednesday, Trump had sent That it was “a good time to buy.”