Trump Suspends Tariffs for 90 Days, Triggers Massive Stock and Crypto Market Rally

In Brief:

U.S. stocks saw historic gains as Trump paused tariffs for non-retaliating countries.

Bitcoin surged over 8.7%, Ethereum soared nearly 14.6%, fueling a full crypto rebound.

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Global markets rallied sharply after former President Donald Trump announced a 90-day suspension of tariffs on nations that refrained from retaliatory trade actions. The decision triggered one of the most dramatic intraday reversals seen in years across both equities and crypto.

According to 4E monitoring, the U.S. stock market staged a powerful comeback. The Dow Jones Industrial Average jumped 7.87%, the largest single-day gain since March 2020. The S&P 500 soared 9.52%—its best showing since 2008—while the Nasdaq rocketed over 12%, marking its second-largest daily rise in history.

Tech stocks led the charge, with the “Magnificent Seven” index gaining 14% and adding $1.85 trillion in market cap in a single session.

The crypto market responded with equal force. Bitcoin rebounded from a low of $74,000 to above $83,000, rising 8.7% in 24 hours. Ethereum climbed from $1,385 to $1,660, posting a 14.6% daily gain. Other altcoins followed suit, pushing the total crypto market cap up 8.4% in a single day.

Despite the relief rally, uncertainty lingers. Analysts caution that the temporary nature of the policy—more of a “probation” than a resolution—could reignite volatility if global trade tensions flare again.

Meanwhile, crude oil rallied more than 5% intraday, and gold surged 3.27% as investors reacted to shifting macro signals. The U.S. Dollar Index fell slightly by 0.10%, reflecting eased demand for safe-haven assets amid renewed risk appetite.

While the 90-day pause has momentarily lifted panic, it hasn’t erased fears of deeper economic fragmentation. Markets remain on edge as global investors continue to assess whether this suspension signals de-escalation or a temporary calm before another storm.

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