Crypto Stocks Soar as Trump Tariff Pause Sparks Market Rebound
Crypto-related equities roared higher on Wednesday after President Trump announced a temporary halt to his reciprocal tariff plans — excluding China — triggering a powerful market-wide rally.
MicroStrategy (MSTR) led the charge with a 25% gain, while Coinbase (COIN) followed closely, jumping 21%. Bitcoin mining firms like Marathon Digital (MARA) and Riot Platforms (RIOT) also saw strong momentum, posting double-digit percentage increases. Semler Scientific (SMLR) and Fold (FLD) climbed roughly 10% as well.
The rally in crypto equities mirrored a broad rebound in U.S. markets, with the Nasdaq leaping over 10% and the S&P 500 gaining 8%, marking one of the strongest single-day performances this year.
Bitcoin (BTC) itself was up more than 6% in the past 24 hours, briefly pushing above $82,000, despite showing relatively muted movement earlier in the week.
The sharp turn in sentiment came after days of heightened volatility driven by Trump’s initial announcement of steep tariffs. Markets had teetered on the edge of a broader selloff as investors braced for a trade war escalation.
But in a midday post on Truth Social, Trump dialed back the threat: “I have authorized a 90 day PAUSE,” he wrote, referencing the delay for all countries except China. The statement was enough to ignite a widespread relief rally across asset classes — and crypto stocks were among the biggest beneficiaries.
