Markets rallied as investor sentiment improved on news of a 90-day suspension of global tariffs by Donald Trump. Bitcoin climbed above US$84,000 after rebounding from last week's dip. Major altcoins also rallied, with some even posting double-digit percentage gains.
Bitcoin jumped above US$83,000 after Trump paused tariffs, sparking a market-wide relief rally. Altcoins like Ethereum, XRP, and Solana surged in response. Analysts warn the rebound may be short-lived.
BTC Markets CEO Caroline Bowler joins The SMSF Experts to discuss the growing intersection of crypto and self-managed super funds.
Over the weekend, Bitcoin dropped below US$80,000, hitting $77,000 amid a global market sell-off. Low liquidity worsened the slide, with altcoins also posting sharp losses. The downturn wiped billions from the market as volatility intensified.
Trump’s sweeping new tariffs led Bitcoin to fall back to US$83K and caused Wall Street to decline. Meanwhile, Grayscale and Fidelity rolled out new Bitcoin-focused investment products.
Bitcoin soared, then stumbled, as Trump’s “Liberation Day” tariffs reignited global trade tensions and market uncertainty.