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The crypto and stock prices increased in the last hour after US President Donald Trump announced a 90 -day break for prices on several nations except China. Bitcoin (BTC), the flagship crypto, now looks at the barrier of $ 83,000 after jumping 6.1% after the news.
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Trump allows a 90 -day break on prices
In a social truth jobPresident Trump announced that he was increasing 125% of China prices “immediately” due to a “disrespect” shown in the world markets. This decision follows the reciprocal rate of 84% recently announced by China on American goods, from April 10.
“Based on the lack of respect that China has shown in the global markets, I increased by this the price loaded in China by the United States of America at 125%, to count immediately. At one point, hopefully in the near future, China will realize that the days of tearing from the United States and other countries, is no longer sustainable or acceptable,” said Trump.
In Wednesday, the American president also revealed that he had authorized a “90 -day break” for other countries, while 75 nations contacted multiple American representatives, including the trade departments, the Treasury and the US trade representative, “negotiate a solution to the subjects discussed compared to exchanges, trade barriers, prices, currencies and non -monetary prices.”
In addition, he authorized an immediate substantial reciprocal rate of 10% during the 90 -day break. In a second position, the president said: “It’s time to buy.”
After the news, stock prices crowdedThe S&P 500 (SPX) increasing about 6% since the announcement. Meanwhile, the cryptography market has seen its total market capitalization jump by around 5%, assets like Bitcoin, Ethereum (ETH), XRP and Solana (soil) increasing 6% to 12% in one hour.
Bitcoin Price reaches $ 82,000
The flagship crypto went from the range of $ 76,000 to $ 77,000 to $ 82,000, momentarily recovering this level for the first time since Sunday. Its overvoltage of 6% sparked optimism among investors, who saw Bitcoin fall to a hollow of five months during the weekend.
The BTC lost almost 10% between Sunday and Monday, fueled by the current tariff war. In the middle of the correction, Bitcoin has reached the support area of ​​$ 74,000 for the first time since November.
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On Monday, BTC also saw a brief resumption of the barrier of $ 80,000 after the main media indicated that the White House was considering a 90 -day break on prices. However, cryptocurrency erased Most gains after the news have become false.
According to online reportsToday’s push has triggered a value of $ 75,000,000 in Bitcoin Shorts in the process of liquidation in the last 60 minutes.
When writing these lines, Bitcoin is negotiated at $ 82,444, a 4.1% drop in the weekly period.
Star image of Unsplash.com, tradingView.com graphic
