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Bitcoin surges more than 7% in broad market relief rally as Trump pauses some tariffs
Bitcoin spiked on Wednesday afternoon after President Donald Trump said on social media that he authorized a 90-day pause on tariffs. The price of the flagship cryptocurrency was last higher by more than 7% at $82,350.37, according to Coin Metrics. Earlier, it fell as low as $74,567.02 as the benchmark 10-year U.S. Treasury yield briefly climbed over 4.51% (it has since eased off that high). Bitcoin proxy stock MicroStrategy , recently rebranded to Strategy, rocketed 25%. Robinhood climbed 23% and crypto exchange Coinbase jumped 20%. Bitcoin is down about 25% from its January all-time high. Bitcoin’s surge ... (full story)
