{"id":3157,"date":"2025-04-10T13:17:23","date_gmt":"2025-04-10T12:17:23","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=3157"},"modified":"2025-04-10T13:17:24","modified_gmt":"2025-04-10T12:17:24","slug":"stock-market-rallies-positive-news-boosting-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/stock-market-rallies-positive-news-boosting-cryptocurrencies\/","title":{"rendered":"Stock Market rallies on positive news, boosting cryptocurrencies"},"content":{"rendered":"\n

Cryptocurrencies Soar After Tariffs Suspension<\/h2>\n\n\n\n

Cryptocurrencies<\/a> surged on Tuesday, April 9<\/strong>, in the wake of a widespread recovery in the US stock market. This surge of optimism follows Donald Trump’s announcement of a 90-day suspension<\/strong> of global tariffs on a large scale.<\/p>\n\n\n\n

By the end of the day, Strategy<\/strong> stock (formerly MicroStrategy), led by Michael Saylor<\/a>, rose by 24.76%<\/strong> to reach $296.86<\/strong>. Meanwhile, the Coinbase <\/a>(COIN)<\/strong> exchange platform closed up by 17%<\/strong> at $177.09<\/strong>, according to Google Finance<\/em> data.<\/p>\n\n\n

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\"Strategy
Source: Google Finance<\/figcaption><\/figure>\n<\/div>\n\n\n

Companies specializing in cryptocurrency mining also benefited from this momentum. MARA Holdings<\/strong> saw its stock rise by 17%<\/strong>, Cipher Platforms<\/strong> (CIFR) by 16.59%<\/strong>, while Riot Platforms<\/strong> (RIOT) registered an increase of 12.77%<\/strong>.<\/p>\n\n\n\n

Most of these gains, both in crypto values and across the American market<\/a>, were concentrated in the final three hours<\/strong> of the session. It was at this time that Trump posted a message on his Truth Social platform, announcing a temporary suspension of “reciprocal tariffs” for 90 days. He also specified that the base rate would be lowered to 10%<\/strong> for all countries except China, for which it would be raised to 125%<\/strong> in response to Chinese countermeasures.<\/p>\n\n\n\n

The S&P 500<\/strong> index, which comprises the 500 largest US-listed companies, closed with a dramatic 9.52% increase<\/strong>, its third-largest single-day gain since World War II. The Nasdaq 100, on the other hand, surged by 12.02%.<\/p>\n\n\n\n

Bitcoin Rebound<\/h2>\n\n\n\n

Asian markets followed suit from the opening on Thursday, April 10<\/strong>, local time. In Australia, the ASX 200<\/strong> index rose by 4.55%<\/strong>, while the Japanese Nikkei 225<\/strong> started the session with an impressive increase of nearly 10%<\/strong>.<\/p>\n\n\n\n

Recall that Trump’s initial mentions of tariffs in February<\/strong> had already caused turmoil in the markets and contributed to Bitcoin’s drop below $100,000<\/strong>. However, it was his toughening stance in early April that intensified the volatility.<\/p>\n\n\n

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\"Bitcoin
Source: CoinMarketCap<\/figcaption><\/figure>\n<\/div>\n\n\n

On April 4, the total market capitalization of the US stock market plummeted by $3.25 trillion<\/strong>, roughly $570 billion more than the entire cryptocurrency market valuation, then estimated at $2.68 trillion.<\/p>\n\n\n\n

This crash<\/strong> occurred just two days after Trump signed an order formalizing reciprocal tariffs and a minimum 10% customs duty on all imported products.<\/p>\n\n\n\n

Meanwhile, Bitcoin (BTC)<\/a><\/strong> continues to climb. According to CoinMarketCap<\/em> data, it was trading at $81,480<\/strong> at the time of publication, up by 7.52%<\/strong> over 24 hours.<\/p>\n\n\n\n

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Buy $200 of crypto on WEEX and receive 50 USDT !<\/strong><\/a><\/div>\n<\/div>\n\n\n\n

More on this topic :<\/strong><\/p>\n\n\n\n