Bitcoin News: Price Above $80K After Trump Declares Tariffs Pause

President Trump may have just delivered one of the most bullish Bitcoin news stories that the market has received in a while.

The crypto market has responded positively in what could possibly be the start of a major recovery, or that’s what market participants hope for.

Investors have been waiting for positive Bitcoin news for a while. What if it is finally here?

U.S President Donald Trump recently released a statement revealing a 90-day tariffs pause.

President Trump also revealed that the decision to implement the tariffs pause was largely due to calls for a truce by many countries.

POTUS also confirmed that reciprocal tariffs will be lowered by 10% during the 90-day pause period.

More than 75 countries have reportedly called for a truce and trade negotiations. Markets across the world have responded positively in the first few hours following the release of Trump’s statement.

Pause on Tariff War Turns Out to be Good

Bitcoin was on track to deliver its most bullish single-day performance so far this year courtesy of Trump’s announcement on tariffs pause.

The leading crypto bounced back above $80,000, alleviating concerns of price dipping below $70,000.

BTC rallied by over 10% from its $74,588 24-hour low to over $82,300 high at the time of writing.

The slight recovery suggests that Bitcoin investors see the tariffs pause as a chance for recovery.

The announcement was quickly followed by a surge in demand for Bitcoin which was apparent in the form of $370 million worth of spot inflows and growing.

This was the highest spot inflows recorded in the last 30 days. Open interest was up by 9.6% with derivatives volumes up by 49.67% in the last 24 hours.

Bitcoin exchange outflows gained by 9.61% while inflows cooled down by 3.29% during the same 24-hour period.

It has been observed that the tariffs pause triggered a shift in favor of bullish sentiment.

At the same time, Trump’s statement also raises other questions that could impact recovery.

For example, POTUS revealed a raise on Chinese tariffs to 125%. In other words, the tariff war may be far from over.

The important question that now looms is whether this may have morphed into a full-blown China-U.S. faceoff situation .

The impact of this decision remains unknown so far. Therefore, there is a lack of clarity as to whether it could still hurt investor sentiment.

Will Bitcoin also turn bearish once again after the 90-day pause period lapses? Or will the U.S strike new trade agreements that could mean the end of the tariffs?

Bitcoin Adoption News to Fuel More Recovery?

While Trump’s white flag on tariff wars comes as a welcome relief after the recent market bloodbath, it may be aided by more positive Bitcoin news.

Florida state is scheduled to hold a public hearing for a bill that proposes the state’s use of public funds to purchase BTC.

The hearing may be one of many Bitcoin-related developments for which the 90-day tariffs’ pause window may have proved to be of advantage.

Bitcoin currently has numerous pending state applications for its reserve status. It is expected that it may attain more clarity over the next 3 months.

In addition, the possibility of rate cuts in the coming weeks may also set the pace for interesting times ahead.

Lower rates could pave the way for more liquidity flows into Bitcoin and other risk-on assets. This may result in further recovery.

That said, Trump’s announcement is a double-sided sword, especially considering that it did not come with a trade-war ceasefire with China.

This, therefore, warrants caution because the risk of economic warfare still looms. Moreover, how these developments shape the market in the long term, remains to be seen.