Market Melts Up: BTC Up 7.52%, Crypto Mining Stocks Up to 17% Following U.S. Stock Market’s 9.52% Rally

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Crypto stocks experienced significant gains as part of a broader recovery in the U.S. stock market, fueled by President Donald Trump’s announcement of a 90-day pause on sweeping global tariffs. The day saw notable spikes in both crypto-related equities and cryptocurrencies, which were further propelled by Trump’s social media post.

Michael Saylor’s Strategy, formerly known as MicroStrategy, led the charge, surging 24.76% to $296.86. Coinbase (COIN), one of the largest crypto exchanges, saw a 17% increase, closing at $177.09. Crypto mining companies also experienced notable growth, with Marathon Digital Holdings (MARA) up 17%, Cipher Platforms (CIFR) rising 16.59%, and Riot Platforms (RIOT) climbing 12.77%. These gains reflect not only the broader optimism in the market but also the increasing adoption of cryptocurrencies and blockchain technologies.

The boost in crypto stocks was part of a larger market rally, with the S&P 500 rising 9.52%, marking its third-largest single-day gain since World War II. Similarly, the Nasdaq 100 posted a 12.02% increase. The rally coincided with Trump’s announcement, which lowered the tariff rate to 10% on most countries, excluding China, which faced a 125% rate due to retaliatory tariffs.

The afternoon rally in U.S. markets also had a global impact. Asian-Pacific markets saw notable gains on April 10, with Australia’s ASX 200 up 4.55% and Japan’s Nikkei 225 increasing by nearly 10% as trading began. These moves are a reflection of market optimism following the U.S. tariff adjustments.

BREAKING: Japan’s stock market surges +10% at the open on news of a 90-day tariff delay. pic.twitter.com/vHDrc1aEPF

— The Kobeissi Letter (@KobeissiLetter) April 10, 2025

Meanwhile, Bitcoin (BTC) saw a 7.52% uptick, trading at $82,065 at the time of publication. This upward trend in Bitcoin highlights a recovery in the broader crypto market, following the volatility triggered by earlier tariff escalations in April.

Also Read: MicroStrategy now “Strategy” Faces $6B Bitcoin Loss, May Be Forced to Sell BTC to Cover $8B Debt

As crypto stocks and digital currencies continue to experience a rebound, market watchers will keep a close eye on how global trade policies and tariff negotiations will influence future market sentiment.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.