On Wednesday, Bitcoin surged more than 8% to reach a high of $83,588 following President Donald Trump’s announcement of a 90-day pause on new reciprocal tariffs for over 75 countries, excluding China. Investors and market analysts viewed the move as a signal of relief, reflecting hopes that the rapid escalation of tariffs would abate, at least temporarily. Yet President Trump simultaneously hiked the tariff rate on China to 125%, indicating that the trade battle between the world’s two largest economies remains far from settled. Trump’s decision to pause most of his newly announced tariffs was tied to concern over disruptive shifts in the bond market
source: https://www.newsbtc.com/bitcoin-news/is-the-bitcoin-bottom-in-trumps-tariff-pause/