Bitcoin and alternative currencies rose sharply after a surprise decision by President Trump to freeze new tariffs for 90 days, rekindling risk appetite in the markets and leading to the recovery of over $160 billion in market value for cryptocurrencies.
Additionally, U.S. President Donald Trump's announcement to suspend new tariffs for 90 days restored hope for global markets. The decision came after a bloody start to the week, during which stocks and cryptocurrencies fell due to fears of a global economic slowdown as a result of escalating trade tensions.
Additionally, U.S. President Donald Trump's announcement to suspend new tariffs for 90 days restored hope for global markets. The decision came after a bloody start to the week, during which stocks and cryptocurrencies fell due to fears of a global economic slowdown as a result of escalating trade tensions.