Source: Cointelegraph Original: "{title}"
After U.S. President Trump announced a 90-day suspension of global tariff measures, cryptocurrency concept stocks surged significantly alongside the overall recovery of the U.S. stock market on April 9.
According to Google Finance, at the close of trading on Wednesday (April 9), Michael Saylor's Strategy rose by 24.76% to $296.86, while cryptocurrency exchange Coinbase (COIN) increased by 17% to $177.09.
Cryptocurrency mining companies also saw gains, with MARA Holdings (MARA) up 17%, Cipher Platforms (CIFR) up 16.59%, and Riot Platforms (RIOT) up 12.77%.
Michael Saylor's Strategy (formerly MicroStrategy) increased by 24.76% during the trading day. Source: Google Finance
Most of the gains in cryptocurrency stocks and the U.S. market occurred in the last three hours of trading, driven by a post Trump made on his social media platform Truth Social in the afternoon.
In the post, Trump announced a 90-day suspension of global "reciprocal tariffs," while reducing the tariff rate on every country except China to 10%, and increasing tariffs on China to 125% due to its retaliatory measures against the U.S.
Reportedly, the S&P 500 index, which tracks the 500 largest publicly traded companies in the U.S., closed up 9.52%, marking its third-largest single-day gain since World War II. Meanwhile, the Nasdaq 100 index rose by 12.02% during the trading day.
The Asia-Pacific markets saw an uptick at the start of trading on Thursday (April 10) local time. Australia's ASX 200 index was up 4.55% at the time of writing, while Japan's Nikkei 225 index opened nearly 10% higher.
Although Trump's initial mention of tariffs in early February shook the markets and was a key reason for Bitcoin (BTC) dropping below the $100,000 price level, his significant escalation in early April triggered intense market volatility.
On April 4, the U.S. stock market lost $3.25 trillion—about $570 billion more than the then-total valuation of the entire cryptocurrency market at $2.68 trillion.
This event occurred within two days of Trump signing an executive order establishing reciprocal tariffs on trade partners and setting a baseline tariff of 10% on all imports from all countries.
Meanwhile, Bitcoin also showed an upward trend. According to CoinMarketCap, as of publication, Bitcoin had risen 7.52% from 24 hours prior, reaching $82,065.
Related: Trump suspends some tariffs, increases tariffs on China
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
