Bitcoin experienced a significant price surge, reaching $83,000 late on Wednesday following news of a 90-day tariff pause announced by President Donald Trump. This sudden increase in value excited many investors and crypto enthusiasts. However, the excitement was short-lived as Bitcoin's price dropped back to $79,000 on Thursday morning.

The temporary surge in Bitcoin's value was directly linked to President Trump's decision to delay tariffs for 90 days. This pause in the trade tensions between the United States and other countries seemed to have a positive impact on the crypto market, particularly Bitcoin. The news of reduced economic uncertainty led to a quick rally in Bitcoin's price.

Despite the initial boost from the tariff pause, Bitcoin's price was unable to maintain its peak level.

Source: https://news.bitcoin.com/bitcoin-seesaws-despite-tariff-truce-and-cooling-inflation/