Bitcoin Breaks Record, Ether Soars as Market Rebounds

The crypto market experienced a dramatic surge today following Trump’s 90-day tariff pause announcement. Bitcoin surged past the $83,000 mark, representing a nearly 10% gain in just one day, while Ethereum followed suit with an impressive 12% increase. The market’s positive reaction to the truce offers hope for recovery over the next three months. Bitcoin’s price hit an all-time high of $83,453 on major exchanges, and trading volume saw a significant boost to $70 billion in just 24 hours. This jump comes after two weeks of a sharp sell-off due to ongoing tension between the U.S. and other nations over tariffs. The recent market rebound is driven by renewed optimism from the tariff pause announcement. 10% gains were seen across top altcoins, including XRP, SOL, and ADA, all experiencing substantial increases in hours. Among the gainers, XCN surged by a remarkable 43%, while FARTCOIN saw an impressive rise of 39%. Meanwhile, several coins experienced notable drops, with Babylon declining by 17%. 8.5% gains were observed for Ethereum (ETH) within the past 24 hours, reaching near $1,680 as of writing. The global crypto market cap currently stands at a substantial $2.59 trillion, demonstrating a significant upswing in trading activity.