The Coin Rise 2025-04-10 07:31:12

Crypto Stocks Soar as Trump Hits Pause on Global Tariffs, Bitcoin Gains Momentum

Crypto-related equities surged on April 9, lifted by a broader market rebound triggered by President Donald Trump’s unexpected announcement of a 90-day pause on sweeping global tariffs . The last three hours of trading proved pivotal, as stocks responded sharply to Trump’s Truth Social post outlining his decision to delay the enforcement of “reciprocal tariffs” and instead impose a uniform 10% tariff—excluding China, which now faces a hefty 125% rate due to its retaliatory trade policies. Among the biggest beneficiaries was Michael Saylor’s MicroStrategy (MSTR), which closed the day up 24.76% at $296.86. Coinbase (COIN), one of the leading crypto exchanges, followed closely with a 17% surge, ending at $177.09. The rally extended to miners as well, with Marathon Digital Holdings (MARA) jumping 17%, Cipher Mining (CIFR) adding 16.59%, and Riot Platforms (RIOT) climbing 12.77%. The broader US stock market rallied in tandem. The S&P 500 posted a stunning 9.52% gain—its third-largest single-day jump since the Second World War. Meanwhile, the tech-heavy Nasdaq 100 outpaced it, ending the session with a 12.02% increase. Crypto Joins the Global Recovery The impact of the tariff pause wasn’t limited to equities. Bitcoin also staged a notable rebound , rising 7.52% over the past 24 hours to trade at $82,065, according to CoinMarketCap. The turnaround comes after weeks of uncertainty sparked by Trump’s earlier tariff threats, which in February dragged Bitcoin below the $100,000 mark. The most damaging blow came on April 4, when a more aggressive executive order tanked U.S. markets by $3.25 trillion—surpassing the entire crypto market cap at the time. That two-day stretch left investors rattled. However, the latest pivot from the White House appears to have tempered fears for now, restoring optimism in both traditional and digital markets. Asia Pacific Opens Strong Ripple effects from the U.S. surge have already begun to show in the Asia-Pacific region. As markets opened on April 10, Australia’s ASX 200 was up 4.55%, while Japan’s Nikkei 225 jumped nearly 10%. This global relief rally suggests that investors are breathing easier—for now—thanks to Trump’s softened tone and the cooling of what many feared could become a full-scale trade war. The post Crypto Stocks Soar as Trump Hits Pause on Global Tariffs, Bitcoin Gains Momentum appeared first on TheCoinrise.com .