Bitcoin and stocks surge after Trump announces 90-day tariff pause, excluding China
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Daily top performer — Ethereum (ETH)
The S&P 500 surged 9.52% in its biggest gain in five years after Trump paused some tariffs for 90 days despite continued trade tensions with China. Gold jumps 2.6% to $3,059.76, set for best day since October 2023, as investors seek safety amid US-China trade tensions and inflation fears. The Coindesk Indices, which tracks the broader crypto market, are up by 12.20%, with Bitcoin and Ether up 7.23% and 13.32% respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today's top performer is ETH, up 13.5%, followed by the SEC's approval of options trading for spot Ether ETFs, boosting institutional interest.
Ethereum (ETH), launched on July 30, 2015, is a decentralized network supporting digital assets, smart contracts, and decentralized applications. Its native cryptocurrency, Ether (ETH), powers various sectors like finance, art, and gaming. However, investment risks include uncertainty, environmental concerns, and competition. The SEC has approved options trading for spot Ether ETFs, including BlackRock’s iShares Ethereum Trust and others like Bitwise and Grayscale. This approval, granted on April 9, 2024, offers institutional traders a lower-cost investment and hedging tool for Ether exposure. The move is seen as a significant step in increasing institutional interest in Ether. Despite regulatory progress, inflows into Ether funds remain modest compared to Bitcoin.
Check out the latest prices, charts, and data of ETHUSDT perp and ETH/USDT spot contracts!
Talk of the town
Bitcoin and stock prices surged following U.S. President Donald Trump's announcement of a 90-day pause on most trade tariffs, excluding China. Bitcoin jumped 4.6% to $81,300, Ethereum rose 6.1% to $1,600, and XRP spiked 10% to $2.03. Stock indices also saw significant gains, with the S&P 500 and Dow climbing over 5%, and the Nasdaq rising more than 8%. However, Chinese goods will face 125% tariffs, escalating tensions between the U.S. and China. The crypto market increased by 3.1%, reaching a value of $2.63 trillion.
Bitcoin spot ETF flows
Category | Flow (millions) |
GBTC | (33.8) |
Non-GBTC | (3.7) |
Total | (37.5) |
Yesterday, Bitcoin spot ETFs saw $37.5 million in net outflows, led by $33.8 million from GBTC and $3.7 million from non-GBTC funds.
Check out the latest prices, charts, and data of BTCUSDT perp and BTC/USDT spot contracts!
Airdrop to watch
Kinza has confirmed that its long-awaited TGE and airdrop will take place after Points Season 2, which runs from April 11 to July 11, 2025. Season 1 has ended, and the snapshot has been taken. To qualify for the upcoming airdrop, users must supply supported assets like BNB, BTCB, ETH, CAKE, and USDT during Season 2—borrowing doesn’t count.