Crypto Stocks Surge as Strategy Gains 25% on Trump Tariff Pause
Crypto stocks are experiencing significant gains amid a broader market surge following President Trump's announcement of a 90-day pause on tariffs. Key movements include:
- Strategy (MSTR) rose by 25%
- Coinbase (COIN) increased by 21%
- Marathon Digital (MARA) and Riot Platforms (RIOT) gained in the teens
- Semler Scientific (SMLR) and Fold (FLD) advanced close to 10%
The Nasdaq index increased over 10%, while the S&P 500 rose by 8%. Bitcoin surpassed $82,000, reflecting a more than 6% increase in the last 24 hours.
The rally follows a period of market volatility triggered by tariff concerns earlier in the week.