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Debashree Patra
Debashree Patra
Author
- Apr 10, 2025 05:23 UTC
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Why Crypto Market Is Up Today? Bitcoin, Altcoins, Meme Coins Jump
Donald Trump's 90-day tariff pause triggered a significant crypto market surge, reversing previous losses.
Bitcoin, Ethereum, and XRP experienced rapid price increases, with substantial short position liquidations.
Despite the rally, many major cryptocurrencies remain well below their all-time high values.
The crypto market just got an unexpected boost—thanks to Donald Trump. In a surprise move, Trump hit pause on the global tariff war for 90 days, and markets wasted no time reacting. Within hours, cryptocurrencies like Bitcoin, Ethereum, and XRP shot up across the board.
This market bounce had twists, drama, and even a spike in meme coins.
Here’s what went down – and why it’s got the entire crypto world buzzing.
Crypto Relief After Weeks of Pressure
Crypto prices had been under pressure for weeks due to rising tariffs. But Trump’s announcement gave the market a breather. Bitcoin climbed from $76,000 to $82,000 in just a few hours, hitting levels not seen since Sunday. Ethereum jumped 15% to over $1,600, and XRP surged 15.3% to cross $2.
In the past 24 hours alone, total crypto liquidations reached $587 million. Of that, $374 million came from short positions, according to Coinglass.
Just before the news, the crypto market was struggling. Bitcoin had dropped to $74,000—its lowest point in five months—after Trump imposed tariffs on nearly all major U.S. trading partners. Ethereum and XRP were also down more than 20%.
But as soon as the 90-day pause was announced, the mood shifted fast, and the market turned bullish again.
Trump Eases Up – But Not on China
While Trump paused most tariffs, he increased them on Chinese goods. Tariffs on Chinese imports were raised to 125%, triggering a strong response from Beijing, which threatened to hit U.S. goods with tariffs as high as 84%.
Trump said the move was in response to “disrespect” from China during trade talks. Even with rising tensions, markets saw the overall pause as a sign that Trump might be open to negotiating.
Altcoins and Meme Coins Join the Rally
It wasn’t just the big names that rallied. Altcoins like Cardano (ADA), Avalanche (AVAX), and Sui (SUI) all rose more than 10%.
Meme coins had a strong day too. Solana-based Fartcoin soared 28% in a single day and is now up 259% over the last month. Other Solana meme tokens like BONK and WIF climbed around 14%, outpacing Trump’s own token, TRUMP, which rose 8.1% to $8.25.
On Ethereum, Shiba Inu (SHIB) and Pepe (PEPE) also gained over 10%, helping push the overall meme coin market up by 8.5%.
Still a Long Way From the Top
Even with today’s rally, many top cryptocurrencies are still far from their past highs. DOGE is down 78% from its 2021 peak. XRP is still 40% below its 2018 high, and Solana is nearly 60% off its January top.
Still, for a market that was in deep red just days ago, Trump’s 90-day pause has sparked real hope—and once again reminded everyone of a key truth in crypto:
One headline can change everything.
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FAQs
Crypto jumped after Trump paused global tariffs for 90 days, easing market fears and boosting investor confidence.
ADA, AVAX, and SUI all surged over 10%, while meme coins like BONK, WIF, and Fartcoin outpaced the broader market.
Yes, Solana and Ethereum-based meme coins soared up to 28%, fueled by market relief and renewed retail interest.
Yes 
No 
