The price of cryptocurrencies saw a sharp increase on Wednesday immediately after the news that United States President Donald Trump ordered a 90-day tariff delay and "substantially" lowered the reciprocal tariff during the same period.

Bitcoin regained ground, jumping 6.07% at 1:30 pm ET to sell for $80,861.890. Ethereum surged 7.11% and sold for 1,578.4181 one minute later.