Bitcoin Climbs Nearly 10% as Nasdaq Moves into Positive Territory

On Tuesday, risk markets saw a significant reversal as bitcoin surged nearly 10% from its lowest point, trading above $88,000. The Nasdaq index rebounded to a 0.7% gain after a nearly 2% decline earlier in the day.

• Stocks and crypto initially dropped due to new tariffs imposed by the U.S. on Mexico, Canada, and China.
• Dip-buyers entered the market late in the morning, helping to recover losses.
• The S&P 500 reduced an early loss to just 0.25%.
• Ether remained flat at $2,171 over the past 24 hours.
• Bitcoin's volatility continues, having dropped over 20% from $95,000 to just above $78,000 before recovering back to around $81,000.
• Crypto-related stocks performed well: Strategy (MSTR) up 11%, Coinbase (COIN) up 4%, Marathon Holdings (MARA) up 5%.