In a turn of events that could only be described as a plot twist worthy of a second-rate novel, Bitcoin has decided to don its party hat and leap to a staggering $83,565 on the 9th of April. This sudden surge was prompted by none other than U.S. President Donald Trump, who, in a fit of magnanimity, chose to temporarily halt a series of tariffs for a delightful 90 days. One can only imagine the collective gasp from Wall Street as the price shot up, triggering a veritable avalanche of $592.05 million in liquidations across the crypto derivatives markets. A staggering $373.46 million of that was courtesy of those poor souls who thought shorting Bitcoin was a good idea. Spoiler alert: it wasn’t.
Meanwhile, the broader crypto market decided to join the festivities, expanding by a whopping $220 billion and gaining a sprightly 8.58% in just 24 hours, bringing its total valuation to a jaw-dropping $2.65 trillion. Trading activity was so lively that daily volume hit $176.01 billion—up a staggering 59.80% from the previous day. Bitcoin, in its exuberance, advanced by 7.93% during this wild ride. Not to be outdone, several major tokens decided to join the party: ethereum ( ETH) leaped more than 13%, XRP jumped over 14%, and SOL increased by 12%. Even Dogecoin (DOGE) decided to get in on the action, rising 13.5% in the wake of Trump’s tariff decision. By 5:50 p.m., BTC was happily treading around the $82,860 range, as if it were on a leisurely stroll through the park.
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2025-04-10 00:59