Bitcoin Surges Over 8.7% Amid Market Rebound Following Trump’s Tariff Suspension Announcement

On April 10th, COINOTAG News reported that following a significant announcement from Trump about a 90-day suspension of tariffs, investor sentiment saw a notable turnaround. This resulted in a substantial midday rally in the US equity markets, with all three major indices finishing notably higher. The Dow experienced a remarkable increase of 7.87%, marking its largest single-day growth since March 2020, while the S&P 500 surged 9.52%, achieving its best performance since 2008. The Nasdaq also excelled, soaring over 12%, recording its second-largest single-day gain ever.

In the cryptocurrency domain, Bitcoin bounced back from a low of $74,000, reaching approximately $83,000 with an increase of over 8.7% in just 24 hours. Similarly, Ethereum surged from a low of $1,385 to around $1,660, reflecting a nearly 14.6% rise within the same timeframe. Altcoins gained traction as well, contributing to an overall crypto market cap increase of 8.4%. However, uncertainty surrounding tariff implications persist, dampening market sentiment.

The forex and commodities markets exhibit continued volatility amidst ongoing trade disputes, as the US dollar index slipped by 0.10%. In contrast, crude oil rebounded significantly, enjoying intraday gains exceeding 5%, while spot gold fluctuated and rose 3.27% during New York trading. Despite positive developments, the prevailing ‘probation-style’ policies may still inject further instability into the markets.

As market dynamics shift, eeee.com has introduced a new USDT stablecoin product offering an 8% annualized return, presenting a potential hedge for investors. Nevertheless, 4E advises caution in navigating current market volatility and emphasizes prudent asset allocation for those engaged in trading activities.