What to know:
- In a twist worthy of a farcical play, U.S.-listed crypto stocks have rallied, all thanks to President Trump’s whimsical decision to pause tariffs for a mere 90 days. Who knew a pause could be so profitable? 🎭
- Shares of MicroStrategy and Coinbase leaped more than 20%, while crypto miners, those tireless diggers of digital gold, also basked in the glow of gains.
- Meanwhile, traditional markets are soaring like a bird released from a cage, with the Nasdaq up by 10% and the S&P 500 by 8%. Perhaps they too were waiting for a pause? 🕊️
Despite the rather modest decline in bitcoin (BTC) over the past few days, crypto stocks are experiencing gains that could make a seasoned gambler weep with envy. The markets are positively buoyant, all thanks to the Trump tariff pause, which sounds like a plot twist in a poorly written novel.
Among the notable players is Strategy (MSTR), which has risen by a staggering 25%, while Coinbase (COIN) has climbed 21%. Marathon Digital (MARA) and Riot Platforms (RIOT), those brave miners, are also enjoying gains in the teens. It’s a veritable gold rush! 💎
Other players, such as Semler Scientific (SMLR) and Fold (FLD), have also joined the party, with advances closer to 10%. It seems everyone wants a piece of the action, even if they don’t quite understand what’s happening.
This strong uptick aligns with the grand spectacle of other U.S. stocks — the Nasdaq has rocketed more than 10% higher, and the S&P 500 has followed suit with an 8% rise. It’s as if the stock market is auditioning for a role in a comedy! 🎬
Bitcoin, that elusive creature, has climbed above $82,000, marking an increase of more than 6% in just 24 hours. It’s almost as if it has a mind of its own, dancing to the whims of the market.
These remarkable gains come after a few days of sheer panic, where the markets nearly plummeted into a free fall, reminiscent of a tragic play. The catalyst? President Trump’s punitive tariff plan, announced last Wednesday, which sent shivers down the spines of investors.
“I have authorized a 90 day PAUSE,” the president declared in a Truth Social posting, igniting a rally that could make even the most stoic observer chuckle. Who knew a pause could be so electrifying? ⚡️
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2025-04-09 22:06