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Türkiye: Bitcoin surges 5.9% on Trump's 90-day tariff pause
SHOTLIST: ISTANBUL, TÜRKİYE (JAN. 20, 2025) (ANADOLU - ACCESS ALL) 1. BITCOIN SIGN ON STORE 2. VARIOUS OF PHYSICAL COINS WITH BITCOIN SIGNSISTANBUL, TÜRKİYE - JAN. 20, 2025: The price of Bitcoin soared 5.9% on Wednesday after US President Donald Trump announced that some countries will be given a 90-day pause in tariffs above 10%, except for China. The price of Bitcoin was at around $81,820 as of 1900GMT, and its market cap rose to $1.62 trillion. Bitcoin's transaction volume in the last 24-hour period was around $75.5 billion. In January, the price of Bitcoin saw its highest-ever value of around $109,000 due to the inauguration of Trump, who has championed cryptocurrency. It later fell due to tensions and uncertainty about Trump's aggressive tariffs. Ethereum prices also rose by 10.6% to $1,628 over the same period. On April 2, Trump announced tariffs of 10-50% on more than 180 countries, rocking world markets. In his latest move, Trump announced Wednesday that the total tariff rate on China was increased to 125%, while granting more than 75 nations a 90-day reprieve from a Wednesday deadline in which they were expected to be hit with tariffs above a 10% baseline, in some cases many multiples.
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