Crypto Stocks Skyrocket as Markets Cheer Trump’s Tariff Pause
Cryptocurrency-linked equities staged a dramatic rebound Wednesday after President Trump declared a 90-day suspension of tariffs on all countries except China — a move that immediately boosted investor confidence and sparked a broad market rally.
Leading the surge, MicroStrategy (MSTR) soared 25%, followed closely by Coinbase (COIN), which gained 21%. Bitcoin mining firms Marathon Digital (MARA) and Riot Platforms (RIOT) also posted strong double-digit gains, while Semler Scientific (SMLR) and Fold (FLD) notched nearly 10% increases.
The positive sentiment wasn’t isolated to crypto stocks. Major indexes roared back to life, with the Nasdaq surging over 10% and the S&P 500 jumping 8% as traders digested the shift in U.S. trade policy.
Bitcoin mirrored the broader market optimism, breaking above $82,000 for the first time in weeks, rising more than 6% in the past 24 hours.
The turnaround came after a turbulent few days triggered by Trump’s earlier announcement of punitive tariffs. His updated message on Truth Social — “I have authorized a 90 day PAUSE” — quickly reversed the sour market tone and set off a relief rally across risk assets.
