• Over the past day, major cryptocurrencies such as Bitcoin, Ethereum, XRP, and Solana experienced significant price surges.
• Adding to the intrigue, a post from Trump suggesting “it’s a great time to buy,” made just before the official policy shift, has sparked some skepticism.

Donald Trump, the U.S. President, is making headlines today with the announcement of a significant policy change. After considerable discussion, the President has officially paused the ongoing tariff war for a period of 90 days.

This news triggered a swift and positive reaction across the cryptocurrency market.

Why is the crypto market rising?

Trump announced the policy shift in a post on X (formerly Twitter), stating,

“I have authorized a 90-day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!”

This announcement sent ripples of excitement through the markets. Not only did the cryptocurrency market surge, but the broader financial markets also saw a significant upswing. Many investors and traders, who had been facing market headwinds, finally experienced some much-needed respite.

But there’s more. President Trump then followed up with another tweet shortly after, adding,

“THIS IS A GREAT TIME TO BUY!!! DJT.”

Interestingly, it’s important to note that this enthusiastic investment advice was posted *before* the 90-day tariff pause was officially announced. This timing immediately sparked scrutiny and accusations of potential insider trading, most notably from Senator Adam Schiff on Wednesday.

Source: X (Formerly Twitter)

Crypto prices go boom!

Putting aside the insider trading buzz for a moment, the cryptocurrency market is undeniably showing strong signs of health and upward movement. Major cryptocurrencies are leading the charge, posting impressive gains.

Bitcoin [BTC] experienced a rapid climb from $76,000 to $82,000 in just a matter of hours. Ethereum [ETH] wasn’t far behind, jumping 16% to once again trade above $1,680. XRP and Solana [SOL] also joined the party, each recording gains exceeding 15%.

Even popular meme coins and other altcoins joined the rally. Dogecoin [DOGE] rose by 9%, Shiba Inu [SHIB] by 13%, Pepe [PEPE] by 8.5%, Bonk [BONK] by 11%, Fartcoin [FARTCOIN] made a massive leap of 37%, and Trump [TRUMP] increased by 7%.

All-time high yet to come?

While this rally is certainly noteworthy, it’s important to remember that major cryptocurrencies still have a considerable distance to cover before reaching their all-time peaks. For example, XRP is still trading more than 45% below its record high, Solana is over 65% down, and Dogecoin remains more than 80% off its 2021 peak.

This just underscores how profoundly a single impactful announcement can reshape market sentiment and even the entire market landscape.