The cryptocurrency market experienced a dramatic rebound following US President Donald Trump’s announcement of a 90-day pause on most trade tariffs. This surprise move reignited investor risk appetite, pushing the entire top 10 cryptocurrencies up except for USDC. Bitcoin surged by 5%, reaching $81,644, while Ethereum gained 7.7%, and XRP climbed a remarkable 8.8%. FARTCOIN led the charge, soaring an impressive 31% according to CoinMarketCap. This rally coincides with Bitwise’s bold prediction that Bitcoin will hit $200,000 by year-end. The firm’s Chief Investment Officer Matt Hougan believes this move, along with a potential weakening of the US dollar as a reserve currency, could benefit Bitcoin significantly. The S&P 500 also saw its best day since 2008.