Flare (FLR) crypto is leading the crypto resurgence following President Trump’s announcement of a 90-day pause for all tariff increases except those levied against China. On the contrary, Trump has increased China’s import taxes to 125%, effective immediately.
With the stock markets and crypto bouncing heavily following the US President’s announcement yesterday (April 9). Amongst them, Flare crypto has soared +30%, making it a top gainer, per CoinGecko.
Donald Trump announces 90-day pause on tariffs except for China, which he’s raising to 125%. pic.twitter.com/4IgEgZB8ic
— Pop Base (@PopBase) April 9, 2025
Does The Bull Market Begin Now?
Alongside FLR, many other notable top gainers are AI-linked tokens, namely, Fartcoin (FARTCOIN), ai16z (AI16z), and Paal AI (PAAL). They are up 42.5%, 30.7%, and 30.5%, respectively, while Flare (FLR) has bounced 29.8% in the same timeframe.
These sizeable recoveries across crypto have led to many calling for the bull market to truly begin now. However, until proven otherwise, crypto still responds heavily to the direction of TradFi markets, leaving investors keenly watching the stock markets.
Regarding TradFi, the US stock market rocketed after Trump announced he is suspending steep tariffs on goods from most countries and instead imposing a 10% import tax rate.
In response to the news, the S&P 500 soared 9.5% in the biggest one-day rally since 2008, following days of turmoil sparked by the tariffs.
JUST IN: The S&P 500 posts its best day since 2008. pic.twitter.com/uNH10UyeHE
— Brew Markets (@brewmarkets) April 9, 2025
The White House said it was backing off on higher levies for trade partners that had agreed to negotiate. However, Trump stated he would raise tariffs on goods from China even further, to at least 125%, “effective immediately”.
There is a belief that even with Trump playing hardball with China, they will eventually have to hash out a deal. As it stands, America is the third largest supplier of imports to China, while the US is China’s biggest export customer.
Regardless, with Bitcoin now back above $80,000, crypto and stock markets turning green, and Donald Trump halting tariff increases, many are calling for a green Q2 across all markets.
In just 24 hours we’ve gone from social media commentary announcing that a global recession was upon us to people back to calling wild price targets for Bitcoin.
What Is Flare (FLR) Crypto And What Has Caused Its Spike In Price
FLR is the native token powering Flare, its layer-1 EVM blockchain focused on data interoperability, providing developers with secure, decentralized access to data from other blockchains. FLR has many uses, such as network transactions, staking, and governance.
Similar to Chainlink, one of Flare’s key products is its Oracle data feeds, named ‘FTSO’ (Flare Time Series Oracle). Its Oracles are currently being used in cross-chain order books, real-world assets, lending, and borrowing.
Across these sectors, some of the projects utilizing the FTSO include RWA firm Clearpool Finance, Omnichain interoperability protocol LayerZero, and decentralized exchanges Raindex and Sparkdex.
Per its website, there is reportedly 32.8 billion FLR being staked, worth $669 million at current prices. If correct, these staked tokens represent over 50% of the circulating supply for Flare.
Flare’s (FLR) market cap is around $909 million, making it the 87th largest cryptocurrency, per CoinGecko. Its spike in price has brought with it an influx in trading volume. In the past 24 hours alone, FLR has processed over $49 million in volume.
Right now, Flare is available on major exchanges such as Coinbase, OKX, Bybit, and Kraken. The only top-tier exchange missing from the list is Binance, the largest of them all.
BONUS: Solaxy (SOLX) Closes In On $30m Presale Funding As Solana’s Leading Layer-2 Solution
Solana has faced persistent network congestion issues throughout its life cycle, which have, at times, severely limited its ability to finally live up to its name as the Ethereum killer.
Solaxy (SOLX) aims to help Solana fulfill its destiny by implementing several key solutions: processing transactions off-chain to reduce the strain on Solana’s network, and utilizing rollups to bundle transactions for improved cost-efficiency, all while maintaining Solana’s strong security framework.
If successful, Solaxy could help Solana position itself as a far more reliable blockchain, attracting developers and new users as a new and innovative Web3 project.
This would elevate Solana beyond its current status as the meme coin chain, opening the door for DeFi, RWA, and AI projects to thrive on the network.
How To Join The Solaxy Presale
To join the presale, visit the Solaxy presale website and connect your wallet – such as Best Wallet.
Best Wallet’s multi-chain support offers a smooth way to manage $SOLX, which is currently available on Ethereum. The wallet recently expanded to Bitcoin and is also gearing up for its upcoming Solana launch.
You can download Best Wallet from Google Play or the Apple App Store.
Stay updated on Solaxy’s latest developments by joining the X and Telegram community.
EXPLORE: 20+ Next Crypto to Explode in 2025
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Flare (FLR) crypto has bounced +30% after President Trump announced a 90 day pause on tariffs to all nations except China
- The S&P 500 reacted with its biggest daily increase since 2008 after Trump’s comments
- The White House have increased China’s tariffs to 125%, effective immediately
- Flare crypto is a layer-1 EVM blockchain that has over 50% of its circulating supply being staked
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