Crypto News Today: Nasdaq and S&P 500 Soar After Tariff Pause — But History Warns of Bear Market Trap

Wall Street's historic rally may offer only temporary relief as recession-era patterns emergeThe U.S. stock market posted record-breaking gains on Wednesday, with the Nasdaq up 12%—its second-largest single-day gain ever, and the S&P 500 jumping nearly 10%, marking its third-biggest rally in history. The surge followed President Trump’s decision to pause tariff implementation for 90 days.But analysts caution that similar gains occurred during recessionary bear markets in 2001 and 2008, which were soon followed by deeper losses. The VIX Volatility Index posted its largest one-day drop on record, but pressure in global bond markets—now shifting from China to Japan's bond sell-offs—could hint at more turbulence ahead.Bitcoin (BTC) also rallied above $82,000, riding the risk-on wave, though it remains locked in a broader downward trend, according to CoinDesk.