Crypto Token up 45% as Trump Halts Tariffs

Crypto markets soared on April 10 after US President Donald Trump halted the tariffs imposed on various nations for a period of 90 days.

Bitcoin soared by more than 10% from its day's low at $75,754.06 to $83,541 on April 10. The market capitalisation crossed the $1.7 trillion mark. Bitcoins close to over $77.65 billion exchanged hands in the last 24 hours.

The crypto market saw a strong rebound after Trump announced a 90-day pause on reciprocal tariffs, easing investor sentiment, said Alankar Saxena, Co-founder and CTO at Mudrex.

“Ethereum gained attention as the SEC approved Options on spot Ethereum ETFs, broadening the investment appeal of Ether among institutional traders. If the momentum continues, Bitcoin's rally to $100,000 is back on the table with the next major resistance at $88,600 and support at $80,000,” Saxena added.

Other major tokens including Ethereum, XRP, BNB, Solana, Dogecoin, Tron, Cardano and many more went up by 6-10% during the day. Fartcoin, Flare, Sonic and Ondo shot up in the range of 15-45% in the last 24 hours.

Globally, the market cap of cryptocoins clocked at $2.65 trillion, recording a 7% rise over the last day, suggested Coinmarketcap. In a single day, Bitcoin’s dominance marginally dropped to 62.53%.