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XRP and ETH outperform BTC's rise as Trump cuts global tariffs and excludes China
The global cryptocurrency market experienced a sharp recovery on Wednesday, rising back above $2.7 trillion in total market value, after former U.S. President Donald Trump announced a comprehensive review of the controversial tariff policy.

The decision to lower tariffs for all of the United States' trading partners to a flat rate of 10% - excluding China - has been met with increased investor confidence in global financial markets, including digital assets. Bitcoin (BTC) led the recovery, bouncing back from a sharp decline over the week that saw prices drop to $74,600. By mid-Wednesday, Bitcoin's value had risen by 6.5% to surpass $82,600, as traders absorbed the implications of the shift in trade policy.

Ethereum (ETH) and XRP from Ripple recorded stronger gains, with each achieving over 10% profits in the hours following the announcement, outperforming Bitcoin in percentage terms as the market repriced the lowered geopolitical risks and renewed liquidity flows.
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How will the prices of Bitcoin, Ripple (XRP), and Ethereum (ETH) react to the tariff reductions imposed by Trump?
This shift in policy represents a significant change in Trump's stance, whose broad tariff definitions initially sparked a wave of panic selling in the stock, commodity, and cryptocurrency markets.

The original policy, announced on April 2, proposed increasing tariffs on all imports from the United States' trading partners, drawing criticism from global leaders and prominent American billionaire investors including BlackRock CEO Larry Fink and Jamie Dimon, while Elon Musk also shared a video of Milton Friedman from 1970 criticizing trade tariffs as an act of war rather than a policy that stimulates long-term growth.

The cryptocurrency markets on Coingecko witnessed a growth of 5.5% within hours of Trump backing away from comprehensive tariffs. Based on early market indicators, analysts see this move as an attempt to regain market confidence while maintaining Trump's hardline stance towards China. As Asian trading continues to be closed, more capital inflows may flow into the cryptocurrency markets, as the easing of tariffs encourages investors to reallocate their capital towards riskier assets, including cryptocurrencies.

Here is how the prices of BTC, XRP, and ETH will move in the upcoming trading sessions.