"Tariff Suspension"...Bitcoin Surges 8% on Trump's Remark

The virtual asset (cryptocurrency) market turned sharply upward following U.S. President Donald Trump's announcement of a tariff suspension.

On the 9th (local time), President Trump announced via Truth Social that he would suspend reciprocal tariffs for more than 75 countries, excluding China, for 90 days and lower them to 10%. He emphasized, "Many countries are already negotiating with the U.S. without taking retaliatory measures," and "the suspension measures will be implemented immediately for these countries."

However, he maintained a tough stance against China. President Trump stated, "As China has declared countermeasures, we will immediately impose a 125% tariff," and added, "China will soon realize that the era of exploiting the U.S. and the world can no longer continue."

Following this announcement, the virtual asset market rebounded sharply. Bitcoin, which had fallen to the $74,000 level the previous day, surged about 8% to surpass the $83,000 level, and Ethereum (ETH) soared 13.7% to trade around $1,670.

The altcoin market also joined the upward trend. XRP surged over 14% to recover $2, and Solana (SOL) also rose 12.4% to trade at the $119 level.

Previously, the virtual asset market had experienced a sharp decline along with the U.S. stock market due to the high tariff policy promoted by the Trump administration. As global trade tensions heightened, risk asset preference significantly weakened, leading major virtual assets, including Bitcoin and Ethereum, to show double-digit declines for several days.