Bitcoin Surges 7% to $82,000 on Trump's Tariff Pause

Bitcoin, the world's largest cryptocurrency, experienced a significant surge on Thursday, crossing the $82,000 mark with an over 7% increase. This rally was part of a broader market recovery, driven by the announcement from US President Trump of a 90-day pause on tariffs, excluding China. The pause in tariffs provided a boost to the cryptocurrency market, with Bitcoin stabilizing around $82,000 after recovering 8.25% the previous day. This stabilization followed a period of volatility, where Bitcoin had previously crashed from $97,000 in late February, surprising many market participants. The breakout above $80,200 on volume confirmed bullish strength, with a projected exit target around $82,000. The market showed Bitcoin breaking through $82,000, currently quoted at $82,015.99, with a 24-hour increase of 6.23%. The market fluctuation was significant, reflecting the broader rally across equity markets. The pause in tariffs also saw other cryptocurrencies like Ethereum surge by 13%, further indicating a positive sentiment in the crypto market.

Analysts had previously predicted that a breakout above the 200-day moving average could set the stage for Bitcoin to reach a top around the upper band of this indicator. However, the actual market movements and the pause in tariffs have provided a more immediate boost to Bitcoin's price. The market's reaction to the tariff pause highlights the sensitivity of cryptocurrencies to broader economic policies and geopolitical events. As the market continues to evolve, the stability and growth of Bitcoin will be closely watched by investors and analysts alike.