Cryptocurrencies and Crypto-Related Stocks Rise After Tariff Pause
The prices of cryptocurrencies and crypto-related stocks leapt Wednesday (April 9) after President Donald Trump paused the new tariffs that he had placed on more than 75 countries.
As of 2:55 p.m. ET, bitcoin’s price had surged 7.6% over the previous 24 hours and got back above the $80,000 mark, Seeking Alpha reported Wednesday.
Several other tokens saw gains of between 14% and 23% at that point in the day, including ondo, hedera hashgraph, sui, pepe, chainlink and avalanche, according to the report.
Several crypto-related stocks also rose along with the broader market, the report said. Crypto exchange Coinbase Global, corporate bitcoin holder Strategy, crypto asset manager Galaxy Digital and six bitcoin miners saw gains…
