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Fartcoin led the crypto market rebound after US President Donald Trump announced a 90-day pause on most trade tariffs, jolting markets out of a slump.
The surprise move reignited risk appetite, prompting surges for all the top 10 cryptos except USDC. As of 3:52 a.m. EST, Bitcoin was up 4.8% to trade at $81,644, Ethereum climbed 7.7%, and XRP 8.8%.
FARTCOIN soared 31%, according to CoinMarketCap, while crypto asset manager Bitwise reiterated its call that Bitcoin will hit $200K by year-end.
Crypto Market Rebounds As Trump Tariffs Are Paused On Most Nations
The rally by FARTCOIN follows Trump’s announcement that he will pause tariffs on most of the country’s trade partners for 90 days.
In an April 9 Truth Social post, Trump said that the decision was “based on the fact that more than 75 Countries have called Representatives of the United States” to negotiate trade deals. In addition to the pause, Trump has also authorized “a substantially lowered Reciprocal Tariff.”
The big exception was China, on which Trump hiked tariffs to 125% immediately after that nation had slapped 84% reciprocal tariffs on the US earlier yesterday.
S&P 500 has best day since 2008.
Embrace the volatility.
— Anthony Pompliano 🌪 (@APompliano) April 9, 2025
Bitwise Doubles Down On $200K BTC Prediction
The 90-day tariff pause has reignited optimism in the crypto market, with institutional crypto investment firm Bitwise doubling down on its bold $200K Bitcoin price target for the end of this year.
In an April 9 blog post, the firm’s chief investment officer Matt Hougan said that he think’s Bitwise’s December 2024 prediction that Bitcoin will end 2025 at $200K is still possible.
He added that the fallout from the Trump tariffs could benefit BTC and the administration because the current administration “wants a weaker dollar, even if it means ending its role as the world’s reserve currency.”
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