Following reports that US President Donald Trump temporarily suspended his global tariff plan, excluding China, the markets went into a frenzy. Bitcoin led the charge, surging to nearly $82,000, its highest in weeks, and reigniting the bull run after a tough start to the month.
The rebound came just days after the market had a brutal sell off due to fears of a full blown trade war. By Thursday morning optimism was back as the administration announced a 90 day suspension of the higher tariffs on 75 countries. The new tariff structure raises China’s to 125% but rolls back the increase for other countries to 10%.
The policy reversal didn’t just cause a risk on rally in equities, with the S&P 500 jumping 9.5% and the Nasdaq 100 by 12% but also released a new appetite for altcoins, especially meme coins and large cap tokens.
XRP Hits $2, Ether and Cardano Follow
Ripple’s XRP stole the show by hitting $2 for the first time in weeks, up 12% right after the tariff U-turn. Ethereum ‘(ETH) also gained 12% and is testing the $1,600 level. Cardano (ADA), Solana (SOL) and Binance Coin (BNB) joined the party with double digit gains as investors got back in.
Crypto traders saw over $350 million in short liquidations, the most since March, fueling the rally even more. According to CoinGlass data, these liquidations created a massive short squeeze, giving Bitcoin and the major altcoins a boost.
Dogecoin, SHIB and PEPE ride the Bull
Dogecoin (DOGE), the meme coin bellwether, rose 10% to $0.160. The indicators are looking good: the RSI is in the overbought zone and the SMA is showing strong bullish momentum.
DOGE’s next resistance is at $0.164. If the bulls can hold, it may try to break out to $0.20. If not, it will go back to the $0.1297 support. Shiba Inu (SHIB) rose 12.81% to $0.00001197 and Pepe (PEPE) 17.36% and is approaching a $3 billion market cap. These are the recorded meme coin gains as the market absorbed the tariff U-turn news.
Analyst Insights: Bottom or Temporary Bounce?
Jeff Mei, COO of BTSE, thinks this is more than a short-term bounce.
“The market is rallying because most trading partners will negotiate with the US and avoid a full blown trade war,” Mei told CoinDesk in a Telegram note. “But continued tariffs against China and vice versa will lead to a realignment of global trade and the world will be a very different place.”
Jupiter Zheng, partner at HashKey Capital, said markets might be finding a local bottom.
“The upswing was driven by optimism that the worst is behind us. While there are still headwinds, such as China’s retaliatory tariffs in response to Trump’s 125% increase, the start of negotiations with other countries is a positive,” he said via email.
Zheng also pointed out that US regulatory clarity could drive crypto adoption: “As US regulators continue to simplify regulatory hurdles and implement more friendly policies, it’s possible Bitcoin and other cryptos have bottomed out, assuming no surprises.”
Market observers say the broad rally has little to do with fundamentals and more to do with macro relief. US economic data has softened in recent weeks and policymakers are under pressure not to trigger a recession. The combination of tariff pauses and dovish monetary signals could be a long-term bullish environment for digital assets.
Conclusion: Is This a Turning Point or a Temporary Bounce?
The recent rally has given crypto markets new life, but questions remain. While XRP hitting $2 and Bitcoin near $82K is a strong technical bounce, underlying geopolitical and economic issues are far from resolved. Meme coins like DOGE are benefiting from momentum, but the sustainability of this rally depends on US trade policy, inflation data and regulatory follow-through.
For now, sustained growth will require more than presidential tweets and tariff pauses.
FAQs
Why did XRP go to $2?
XRP went up after Trump paused global tariffs and sentiment improved, and capital flowed back into risk assets.
How did Dogecoin perform?
DOGE went up 10% and reclaimed the $0.160 mark as broader market momentum lifted meme-coins.
Why did Bitcoin go to $82K?
Bitcoin went up due to short liquidations and Trump’s tariff pause, which reduced geopolitical risk.
Will it continue?
While this is a strong bounce, analysts say sustained growth depends on trade negotiations, economic data and regulatory clarity.
What else went up?
Along with XRP and DOGE, Ether, Cardano, Solana and BNB all went up double digits. Midcaps TAO and FLARE also jumped.
Glossary
Tariff: A tax imposed ‘by a government on imports or exports.
Liquidation: When a trader is forced to close their position due to lack of funds to cover ‘losses.
Short Squeeze: A rapid price’ increase caused by short sellers covering their positions.
RSI : A technical indicator that measures the ‘magnitude of recent price changes to determine overbought or oversold conditions.
SMA: A basic technical analysis tool that smooths out price data ‘by creating a moving average.
References
Disclaimer
This article is for ‘informational purposes only and should not be construed as financial advice. Cryptocurrency investments are highly volatile and carry risk. Always ‘conduct independent research and consult with a licensed financial advisor before making investment decisions
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
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