Bitcoin Jumps to $83K After Trump’s Surprise Tariff Freeze Triggers $592M in Wipeouts

Bitcoin‘s price climbed to $83,565 on April 9, following a decision by U.S. President Donald Trump to temporarily halt a series of sweeping tariffs for 90 days. The rapid price climb triggered $592.05 million in liquidations across crypto derivatives markets in the past day, with $373.46 million of that stemming from short positions. As of 5:40 p.m. Eastern on Wednesday, the top digital asset was steady just around the $83,000 mark.

The broader crypto market expanded by $220 billion, gaining 8.58% in the last 24 hours to reach a valuation of $2.65 trillion. Trading activity also picked up sharply, with daily volume hitting $176.01 billion—up 59.80% from the previous day. Bitcoin advanced 7.93% during that time. Several major tokens followed suit, with ethereum ( ETH) leaping more than 13%, XRP jumping over 14%, and SOL increasing by 12%. Dogecoin (DOGE) also rose 13.5% in the wake of Trump’s tariff decision. By 5:50 p.m., BTC was treading around the $82,860 range.

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