Fartcoin Led the Crypto Market Rebound After US President Donald Trump Announced a 90-Day Pause

FARTCOIN soared 31%, according to CoinMarketCap, while crypto asset manager Bitwise reiterated its call that Bitcoin will hit $200K by year-end.

Crypto market rebounded on Monday as U.S. President Donald Trump announced a 90-day pause on most trade tariffs, jolting markets out of a slump.

The surprise move by Trump, announced early Monday, signaled a shift in strategy as he seeks to conclude trade deals with more than 75 countries that had contacted U.S. representatives.

The move also prompted surges for all of the top 10 cryptos except USDC. By 3:52 a.m. EST, Bitcoin rose by 4.8% to trade at $81,644, while Ethereum climbed by 7.7%, and XRP by 8.8%.

According to CoinMarketCap, FARTCOIN shot up by 31%, while crypto asset manager Bitwise reiterated its call for Bitcoin to hit $200K by year-end.

The rally by FARTCOIN follows Trump’s announcement that he will pause tariffs on most of the country’s trade partners for 90 days.

In an April 9 Truth Social post, Trump said that the decision was “based on the fact that more than 75 Countries have called Representatives of the United States” to negotiate trade deals. In addition to the pause, Trump has also authorized “a substantially lowered Reciprocal Tariff.”

The big exception was China, on which Trump immediately hiked tariffs to 125% after that nation had slapped 84% reciprocal tariffs on the U.S. earlier yesterday.

S&P 500 has best day since 2008.

Embrace the volatility.

— Anthony Pompliano 🌪 (@APompliano) April 9, 2025

Bitwise Doubles Down On $200K BTC Prediction

The 90-day tariff pause has seen crypto market optimism increase, with institutional crypto investment firm Bitwise doubling down on its bold $200K Bitcoin price target for the end of this year.

In an April 9 blog post, the firm’s chief investment officer Matt Hougan said that he still thinks it’s possible for Bitwise’s December 2024 prediction of Bitcoin to end 2025 at $200K to come true.

He added that the fallout from the Trump tariffs could benefit BTC and the administration because the current administration “wants a weaker dollar, even if it means ending its role as the world’s reserve currency.”

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