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Trump's Tariff Pause Sends Stocks Soaring, Bitcoin Breaks $83K
Summary: Bitcoin broke through the $83,000 mark on Wednesday, posting a significant 24-hour gain of over 8%, as President Trump's announcement of a 90-day suspension of tariffs on several countries ignited a broad rally across U.S. financial markets. The positive sentiment from Trump's announcement, stated on social media, quickly spread to equities. Trump indicated the tariff ...
Bitcoin broke through the $83,000 mark on Wednesday, posting a significant 24-hour gain of over 8%, as President Trump's announcement of a 90-day suspension of tariffs on several countries ignited a broad rally across U.S. financial markets.
The positive sentiment from Trump's announcement, stated on social media, quickly spread to equities. Trump indicated the tariff pause was in response to over 75 countries requesting trade negotiations, the suspension takes effect immediately.
The surge was most pronounced in the technology sector, with the Nasdaq composite index jumping 12.16%, its largest single-day percentage increase since Jan. 3, 2001, and its second-biggest in history. The S&P 500 followed with a substantial 9.52% gain, its best day since Oct. 28, 2008. The Dow Jones Industrial Average also saw a significant rise, closing up 7.87% for its largest single-day percentage gain since March 24, 2020.
Tags: tariff,Trump
Link: Trump's Tariff Pause Sends Stocks Soaring, Bitcoin Breaks $83K [Copy]
