Crypto Markets Surge After Trump Announces Tariff Pause

Ethereum and Solana experienced significant gains following U.S. President Donald Trump’s announcement of a 90-day pause on tariffs. As Bitcoin also rallied, markets witnessed a wider cryptocurrency rally fueled by this positive news. 11% for Ethereum (ETH) led the charge, exceeding $1,650 to trade above its previous levels, while Solana (SOL) saw an even larger jump of 13%, reaching over $120. Analysts suggest DeFi growth and increasing institutional investments as key drivers behind this bullish response.