- Bitcoin, Ethereum, and XRP have all experienced significant price surges following U.S. President Donald Trump’s announcement to halt tariffs on all nations for 90 days.
- This unexpected rally has led market observers to speculate that the cryptocurrency market may be entering a bull run.
The cryptocurrency market has experienced a sudden surge in prices, with major players like Bitcoin (BTC), Ethereum (ETH), and XRP (XRP) seeing significant gains. This unexpected boost follows a recent announcement from U.S. President Donald Trump, who has decided to halt tariffs on all nations for 90 days. This move, which disrupts the ongoing global market downturn, has sent shockwaves through the crypto world.
Bitcoin’s Strong Rally
Bitcoin, the flagship cryptocurrency, has seen impressive gains, trading at $81,342 as of April 9, 2025. This marks a more than 5% increase within just one hour, up from approximately $77,000. Over the last 24 hours, Bitcoin’s price has jumped by 6.18%, accompanied by a massive $67.21 billion in trading volume. With an almost 39% rise, Bitcoin appears to be experiencing renewed bullish sentiment, suggesting that the market may be on the verge of a significant upward trend.
Ethereum Joins the Surge
Ethereum is also making its mark, with its price climbing to $1,585 from below $1,500 an hour ago, reflecting a solid 5% gain. In the past 24 hours, Ethereum has risen by 7.14%, supported by a $34.24 billion trading volume, which has surged by over 71%. This increase in volume suggests a growing level of interest from investors, reinforcing the idea that Ethereum may be gearing up for further growth as the market continues to recover.
XRP’s Meteoric Rise
XRP has demonstrated the most spectacular momentum, jumping from $1.80 to $2.02, an impressive 12% rise in just one hour. Over the last day, XRP has gained 11.51%, with its market capitalization reaching $118.19 billion. The trading volume for XRP has hit $8.07 billion, signaling heightened activity and a strong bullish outlook.
Is a Bull Run on the Horizon?
Market analysts are closely watching the recent price movements, speculating that the crypto market could be entering a bull run. While it’s too early to tell whether these gains will continue, the sudden surge in prices, driven by Trump’s tariff announcement, has certainly sparked optimism in the crypto community. Time will reveal if this upward momentum is sustainable or if the market will cool off in the coming days.