Crypto Stocks Rally Sharply as Markets Rebound on Trump Tariff Freeze
Crypto-related stocks soared on Wednesday following President Trump’s announcement of a 90-day suspension on reciprocal tariffs — excluding China — easing market jitters and triggering a wave of buying across equities.
MicroStrategy (MSTR) led the charge with a 25% gain, while Coinbase (COIN) jumped 21%. Bitcoin mining firms Marathon Digital (MARA) and Riot Platforms (RIOT) rose by more than 10%, alongside solid advances from Semler Scientific (SMLR) and Fold (FLD).
The broader market rallied in tandem, with the Nasdaq up more than 10% and the S&P 500 climbing 8% during the session.
Bitcoin mirrored the risk-on mood, rising over 6% to top $82,000.
The sharp rebound followed days of market volatility sparked by Trump’s earlier tariff threats. His midday post on Truth Social stating, “I have authorized a 90 day PAUSE,” shifted sentiment and fueled the broad relief rally.
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