{"id":126871,"date":"2025-04-10T07:18:14","date_gmt":"2025-04-10T07:18:14","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126871"},"modified":"2025-04-10T07:18:14","modified_gmt":"2025-04-10T07:18:14","slug":"crypto-stocks-see-big-gains-alongside-us-stock-market-rebound","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126871","title":{"rendered":"Crypto stocks see big gains alongside US stock market rebound"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCrypto stocks have surged as part of a broader recovery in the US stock market on April 9 following President Donald Trump\u2019s 90-day pause on sweeping global tariffs.<br \/>\nThe Wednesday, April 9 trading day closed with Michael Saylor\u2019s Strategy up 24.76% to $296.86, while crypto exchange Coinbase (COIN) closed up 17% to $177.09, according to Google Finance data.<br \/>\nCrypto mining companies also saw gains, with MARA Holdings (MARA) up 17%, Cipher Platforms (CIFR) up 16.59%, and Riot Platforms (RIOT) rising 12.77%.<br \/>\nMichael Saylor\u2019s Strategy, formerly known as MicroStrategy, surged 24.76% during the trading day. Source: Google FinanceMost of the gains in crypto stocks and the broader US market came in the final three hours of the day&#8217;s trading session, spurred by an afternoon post from Trump on his social media platform, Truth Social.\u00a0<br \/>\nIn the post, Trump announced a 90-day pause on his global \u201creciprocal tariffs,\u201d instead lowering the tariff rate to 10% on every country besides China, which he increased to 125% due to the country\u2019s counter-tariffs against the US.<br \/>\nThe S&amp;P 500, which tracks the 500 largest public US companies, closed 9.52% higher, its third-largest single-day gain since World War II, according to reports. Meanwhile, the Nasdaq 100 posted a 12.02% gain over the trading day.<br \/>\nAPAC markets and Bitcoin see gains<br \/>\nAsia Pacific markets saw an uptick as trading began on Thursday, April 10, local time. Australia\u2019s ASX 200 index is up 4.55% at the time of writing, while Japan\u2019s Nikkei 225 opened the trading day almost 10% higher.<br \/>\nRelated: Bitcoin, stocks crumble after \u201990 day tariff pause\u2019 deemed fake news \u2014 BTC whales keep accumulating<br \/>\nAlthough Trump\u2019s initial mention of tariffs in early February shook the markets and was a key catalyst in Bitcoin dropping below the $100,000 price level, it was his major escalation in early April that triggered significant volatility across the markets.<br \/>\nOn April 4, the US stock market lost $3.25 trillion \u2014 around $570 billion more than the entire crypto market\u2019s $2.68 trillion valuation at the time of publication.\u00a0<br \/>\nIt came only two days after Trump signed an executive order establishing reciprocal tariffs on trading partners and a 10% baseline tariff on all imports from all countries.<br \/>\nMeanwhile, Bitcoin (BTC) has also experienced an uptrend. At the time of publication, Bitcoin is trading 7.52% higher than 24 hours ago, at $82,065, according to CoinMarketCap data.<br \/>\nMagazine: 3 reasons Ethereum could turn a corner: Kain Warwick, X Hall of Flame<br \/>\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<a href=\"https:\/\/cointelegraph.com\/news\/crypto-stocks-big-gains-us-stock-market-rebound?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCrypto stocks have surged as part of a broader recovery in the US stock market on April 9 following President Donald Trump\u2019s 90-day pause on sweeping global tariffs.&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126871"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126871"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126871\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126871"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}