Bitcoin is over the moon about tariff delay, Strategy spikes too

Bitcoin soared on President Donald Trump’s announcement of a 90-day tariff pause on most countries. Bitcoin’s started the day at about $76,000 and has jumped to over $82,000 following Trump’s post.

Michael Saylor, CEO of bitcoin holding company Strategy, immediately posted: “Bitcoin is the Best Idea. There is no Second Best.” The company’s stock was up a staggering 22% after the announcement.

Bitcoin has been decoupling and recoupling with risk assets in the past few days. Many started the week wondering if bitcoin would sink to preelection levels. (It was at roughly $68,000 on November 4.) Now, some are wondering if it could reach $90,000 by the end of the day.