The crypto market has recently been strongly boosted after Donald Trump announced a 90-day suspension on tariffs for imports from more than 70 countries. The move has provided some relief for investors and has led to a solid comeback in both the crypto and stock markets. Bitcoin jumped nearly $85,000, with coins like Ethereum, Solana, Flare and even meme coins like Pepe earning a huge profit.
The stock market also responded well. The Nasdaq 100 has risen over 310 points, with all major tech stocks such as Apple, Microsoft, Nvidia and AMD rising. The mood was even better when the Trump administration decided not to include smartphones or semiconductors on its tariff list. That was a big deal, especially as a 145% tax on Chinese-made electronics makes everyday items like the iPhone more expensive for American buyers.
Market confidence is growing, but risk remains
Trump’s decision to suspend tariffs was seen as a sign of flexibility, especially in countries like Japan and South Korea, which boosted hopes for stable negotiations. This helped restore high-tech inventory and, as cryptos often move in high-tech, digital assets also benefited significantly, giving confidence to both short-term traders and long-term holders.
But the mood is not completely calm. Trump has a history of rapidly changing courses based on political change and media pressure. His sudden U-turn maintains the market, especially in the already volatile crypto space, including targeting the target first and then removing the smartphone from the tariff list.
Potential impacts if Trump reverses the pause
The ripple effect can be severe if Trump ends the 90-day suspension and resumes strict tariffs. A return to aggressive trade policy could spark new fears about the recession. In such a scenario, Bitcoin and other cryptocurrencies could quickly lose recent profits. Technical analysis shows that Bitcoin is still below the 50-day moving average, indicating that bear pressure is still working. Starting March 11th, prices fall below the support level of $76,495, and will slide to another $70,000, dragging through the wider market.
Trump’s next move could play a major role in shaping the short-term direction of crypto and equity, especially as global markets remain sensitive to trade and policy signals.
Ray Dario warns of deep economic troubles amid Trump’s tariff push
Conversely, Ray Dalio has warned Donald Trump’s tariff-heavy economic approach, which could lead to something even worse than the recession. Speaking about NBC, the founder of Bridgewater said the US is facing a major collapse of the global financial system. Predicting the 2008 crisis, Dario believes the current situation is rare and extremely serious. Market sentiment remains volatile as Bitcoin takes on around $85,000. While smartphone exemptions have helped ease fear temporarily, Dario’s warnings are putting new pressure on an already vulnerable market.
