Bitcoin grew amid Trump’s statements about suspension of mutual duties

On the evening of April 9, 2025, the price of bitcoin BTC $85,310.46 Bitcoin 2.79% Market capitalization $1.69 trillion VOL. 24 hours $1.9 billion exceeded $ 83,000 amid news of the temporary suspension of US reciprocal duties against most countries. At the time of writing, the price has adjusted to $ 81,800. The increase in the value of the flagship cryptocurrency occurred against the backdrop of a statement by US President Donald Trump — he announced tariff increases only for China, while for other countries, duties were reduced or canceled for 90 days. This led to a positive reaction from financial markets, including cryptocurrency.

At the same time, the rise in prices caused a wave of liquidations in the derivatives market. The biggest losses were suffered by traders who were playing for a decline — the total volume of liquidations over the past day exceeded $ 473 million. This was another reminder of the high level of volatility in the crypto market and the risks of short positions during periods of news drive.

The Fear and Greed Index, which reflects the sentiment of crypto market participants, rose by 10 points over the day, but remained in the zone indicating the prevalence of caution among traders. This suggests that, despite the price increase, investors are in no hurry to start actively buying up assets.

The backdrop for this price jump was geopolitical tensions in international trade. After the US imposed basic and reciprocal duties of 10% on April 2, and even 104% on China, Beijing responded with similar restrictions. Subsequent negotiations between the US and more than 75 countries led to Washington’s decision to ease the restrictions for three months, but only for non-Chinese products. This gave rise to optimism among investors and a sharp rise in crypto assets.