Bitcoin price soared by more than 10% after US President Donald Trump halted the tariffs

Bitcoin markets soared on April 10 after US President Donald Trump halted the tariffs imposed on various nations for a period of 90 days.

Cryptocurrency markets experienced a significant surge on April 10 as U.S. President Donald Trump announced a 90-day halt on tariffs imposed on various nations.

President Trump's decision to pause the tariffs brought some relief to investors who had been anticipating the potential impact of the tariffs on global markets.

Bitcoin price rebounded strongly, rising by more than 10% from its day's low at $75,754.06 to reach $83,541. The cryptocurrency's market capitalization crossed the $1.7 trillion mark, and Bitcoins worth over $77.65 billion exchanged hands in the last 24 hours.

The crypto market saw a strong rebound after Trump announced a 90-day pause on reciprocal tariffs, easing investor sentiment, said Alankar Saxena, Co-founder and CTO at Mudrex.

"Ethereum gained attention as the SEC approved Options on spot Ethereum ETFs, broadening the investment appeal of Ether among institutional traders. If the momentum continues, Bitcoin's rally to $100,000 is back on the table with the next major resistance at $88,600 and support at $80,000," Saxena added.

Other major tokens including Ethereum, XRP, BNB, Solana, Dogecoin, Tron, Cardano and many more went up by 6-10% during the day. Fartcoin, Flare, Sonic and Ondo shot up in the range of 15-45% in the last 24 hours.

According to Coinmarketcap, the global cryptocoins market cap clocked at $2.65 trillion, recording a 7% rise over the last day. In a single day, Bitcoin's dominance marginally dropped to 62.53%.