In a stunning turn of events, shares of cryptocurrency-related companies skyrocketed Wednesday afternoon as Bitcoin surged after President Donald Trump announced a surprise 90-day pause on controversial tariffs.

On Wednesday, Bitcoin (BTC) experienced a rollercoaster morning, dipping as low as $74,500. However, just after 1:15 p.m. ET, as Trump revealed in a post on Truth Social that he would immediately halt the tariffs—which included a base rate of 10% on numerous countries—the crypto market reacted explosively.

Within moments, Bitcoin began climbing, finally reaching an impressive $83,000 in recent trades. This bold move not only boosted the price of the leading cryptocurrency but also sent ripples of optimism through the stock market for crypto-related entities.

What does this mean for investors? The pause on tariffs suggests a more favorable regulatory environment for cryptocurrencies and tech stocks, potentially leading to further gains. As uncertainty decreases, crypto enthusiasts are likely to flock back into the market, igniting even more excitement in the weeks to come!

Stay tuned, as the cryptocurrency world might just be on the verge of a thrilling comeback!