The US stock market experienced a dramatic rebound yesterday with the Dow Jones soaring 6.7% in a single session, attributed to President Trump’s decision to increase tariffs on China while pausing them for other nations in an attempt to negotiate. This positive shift impacted crypto markets as Bitcoin price surpassed $83,500, triggering a significant market recovery. Analysts point to the growing DeFi space and increased institutional investments as key drivers behind this bullish trend. 24-hour trading data indicates a strong upward momentum across the crypto market with Bitcoin at the forefront of the gains. Other top altcoins like Ethereum, XRP, Solana, and Dogecoin also saw double-digit percentage increases, suggesting a potential for sustained bull run.