The price of bitcoin rose by 5.9% after US President Donald Trump announced on April 9 that some countries will be given a 90-day pause on tariffs above 10%, except China.

Bitcoin's price was around $81,820 and its market capitalization rose to $1.62 trillion.

The volume of bitcoin transactions in the past 24 hours was about $75.5 billion, Anadolu News Agency reported.

In January, the price of bitcoin hit an all-time high of about $109,000 after Trump, who is an advocate of the cryptocurrency, took office.

It later dropped due to tensions and uncertainty over Trump's aggressive tariffs.

The price of ethereum also rose 10.6 percent to $1,628 during the same period.

On April 2, the US president announced tariffs of 10 to 50% on more than 180 countries, which rattled global markets.

In his latest move, Trump announced that the overall tariff rate for China has been increased to 125%. At the same time, he granted more than 75 countries a 90-day reprieve from the April 9 deadline, when they were expected to be hit with tariffs above the 10% baseline, in some cases multiple times. | BGNES