On April 10th, Trump announced a 90-day suspension of "reciprocal tariffs" for most trading partners, boosting global risk assets with the S&P 500 rising 9.5% in a single day. The crypto market also rebounded simultaneously, with BTC rising from $75K to around $83K, up over 8% in a day; XRP surged over 13% driven by ETF listing and policy benefits.
Bitunix analysts suggest: Trump's move demonstrates his sensitivity to market volatility and economic conditions. Despite the recovery in risk appetite, funds are still partially flowing into gold and US bonds, reflecting ongoing market hedging needs. BTC currently needs to focus on the $83K resistance level, with its ability to break through being key to short-term trends; the support level is in the $78.5K–$80K range, and a breakdown could lead to a pullback to $75K.
