Donald Trump's announcement of a 90-day suspension of tariffs on more than 75 countries had a positive impact on the cryptocurrency market, especially meme coins.
Market Reactions to Tariff Suspension
On April 9, 2025, President Trump announced an immediate 90-day suspension of 'reciprocal' tariffs affecting more than 75 countries. This decision followed significant outreach from these countries regarding trade negotiations. Trump stated that 'over 75 countries had reached out to his administration about doing trade deals.'
Success of Meme Coins Amid Political Changes
Following the tariff announcement, the cryptocurrency market, including meme coins, responded positively to the political changes. The total market capitalization of meme coins increased by over 10%, drawing investor attention and renewing discussions about a potential prolonged bull market in cryptocurrencies in 2025.
Current State of Leading Meme Coins
Dogecoin (DOGE) rose by 12% to a price of $0.157647, while Shiba Inu (SHIB) posted a growth of 12.81%. Pepe (PEPE) saw the highest surge at 17.36%. Current technical indicators suggest the possibility of continued price increases for these assets.
The renewed interest in meme coins indicates a restoration of investor confidence in the crypto economy. However, high levels of volatility and external factors remain focal points for traders.
