The global market and cryptocurrency experienced a strong surge after President Donald Trump announced a temporary suspension of tariffs for most countries, except China, for 90 days. This move breathed new optimism into markets, which were under pressure from prolonged trade tensions and economic uncertainty. This could be the catalyst many investors have been waiting for, signaling the potential start of a significant price increase across both traditional and digital assets.
Recovery Momentum: Stocks and Cryptocurrencies Turn Green
Immediately after the tariff suspension announcement, US stock indices rose sharply. S&P 500, Nasdaq, and Dow Jones all achieved significant increases, escaping oversold conditions with strong green candles on daily charts. Even gold joined the price surge, showing widespread investor relief. In the cryptocurrency sector, Bitcoin (BTC) rose back above $82,000, increasing 8.87% in 24 hours. This triggered a short-term liquidation wave worth over $75 million, further driving prices up. The global cryptocurrency market capitalization currently stands at $2.59 trillion, increasing 8.40% for the day.
What's Next?
The 90-day tariff suspension will expire at the end of June, potentially coinciding with the seasonal growth in Q2 for cryptocurrencies, which typically brings strong profits. April, May, and June have always been favorable months for Bitcoin and altcoins. Bitcoin's recent performance, especially compared to previous market collapses, has impressed both traditional and crypto analysts. Bernie describes the current 26% decline as "mild", particularly when compared to previous corrections of 50-70%. Many believe this demonstrates BTC's growing maturity and institutional support.
Investor Predictions and Expectations
Market observers are now awaiting any signals from Federal Reserve Chairman Jerome Powell, particularly regarding interest rate policy or continued liquidation support, which could further boost optimistic sentiment.
