India, April 10 -- Cryptocurrencies surged ahead in the past 24 hours in a relief rally triggered by President Trump announcing a pause on higher trade tariffs. Overall crypto market capitalization has jumped more than 5.8 percent overnight whereas the 24-hour trading volume has recorded a surge of 19.8 percent.
President Trump on Wednesday announced a 90-day pause on higher tariffs imposed on all countries except China. He also simultaneously authorized the raising of tariffs on China to 125 percent.
Assets across regions and asset classes rebounded in response to the tariff pause news.
Dow Jones rallied 7.9 percent on Wednesday whereas the S&P 500 jumped 9.5 percent. The Nasdaq Composite surged 12.2 percent in Wednesday's trading.
Jap...