Crypto, Bitcoin Mining Stocks Spike Amid Historic Markets Rebound
On April 9, 2025, the U.S. financial markets experienced a significant rebound following President Donald Trump's announcement of a 90-day pause on reciprocal tariffs against most countries. This decision led to a surge in stock prices of crypto-related companies, with Bitcoin rising 4.6% to $81,300 and Ethereum increasing by 6.1% to $1,600. Among the beneficiaries were major firms such as Tesla, which saw a rise of over 20% due to its Bitcoin holdings. Coinbase's stock jumped over 18%, while Bitcoin mining companies like Bitfarms and Marathon Holdings also experienced significant gains. The shift in tariff policy provided much-needed relief to investors amid concerns over the economic impact of ongoing trade tensions. The overall market optimism contributed to the rise of various cryptocurrencies and equities, marking a dramatic reversal from previous losses in the preceding weeks.
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