On April 9, 2025, the crypto market experienced a significant surge, paralleling a broader recovery in the US stock market. This rebound was primarily fueled by President Donald Trump’s announcement of a 90-day pause on sweeping global tariffs. As a consequence of this announcement, several prominent crypto stocks demonstrated remarkable gains.
Among the notable performers, Michael Saylor’s Strategy, formerly known as MicroStrategy, saw an impressive increase of 24.76%, closing at $296.86. Not to be outdone, the popular crypto exchange Coinbase (COIN) climbed 17%, reaching $177.09, according to Google Finance data.
The surge was not limited to exchange stocks; crypto mining companies also enjoyed substantial increases. MARA Holdings (MARA) rose by 17%, Cipher Platforms (CIFR) gained 16.59%, and Riot Platforms (RIOT) recorded a 12.77% increase. This widespread growth underscores a shifting sentiment in the market.
Michael Saylor’s Strategy surged 24.76% during the trading day. Source: Google Finance
Most gains in crypto stocks and the overall US market were visible during the final three hours of trading, driven by Trump’s afternoon post on his social media platform, Truth Social. In this post, Trump announced a reduction in tariff rates to 10% for all countries except China, which faced an increase to 125% due to its counter-tariffs.
The US S&P 500 index, which tracks the performance of 500 of the largest public companies, closed 9.52% higher—marking its third-largest single-day gain since World War II. Similarly, the Nasdaq 100 gained 12.02% during the trading day. These statistics illustrate the electrifying impact of the President’s announcement on investor confidence.
APAC Markets and Bitcoin Experience Gains
As trading resumed in the Asia Pacific markets on April 10, local time, signs of improvement continued. Australia’s ASX 200 index recorded a 4.55% increase, while Japan’s Nikkei 225 opened up nearly 10% higher. This positive trajectory is a promising reflection of the global response to the recent changes in US trade policy.
Additionally, Bitcoin has also trended upwards, trading at 7.52% higher than the previous day at $82,065, based on data from CoinMarketCap. While earlier uncertainties triggered volatility across markets, Trump’s recent announcements have shifted momentum towards recovery.
In summary, the developments in US trade policy have played a critical role in reshaping market dynamics, causing both the crypto and stock markets to react positively. Investors should remain vigilant, as the landscape is continually evolving, requiring informed decisions regarding investments.
Disclaimer: This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making decisions.
