The price of various crypto-linked stocks soared on Wednesday after U.S. President Donald Trump unveiled a 90-day pause on implementing most of his “reciprocal” tariffs.
Strategy, Coinbase and major Bitcoin miners were well into positive territory as U.S. markets closed, reversing more than a week of steep losses.
The president said over 180 countries would see temporary relief “effective immediately,” although Chinese goods would still be subject to stiff levies, raising the total rate on the country to 125%. For weeks, stocks and cryptocurrencies have been battered by Trump’s on-again, off-again tariffs, as investors weigh how his sweeping measures could stunt economic growth and bolster inflation
The White House’s…
Apr 18 2025
