-
Bitcoin, Crypto-Related Stocks Soar After Trump Announces Tariff Pause
Shares of cryptocurrency-tied companies jumped along with the price of bitcoin Wednesday afternoon after President Donald Trump issued a 90-day pause on widespread "reciprocal" tariffs. Bitcoin (BTCUSD), which traded as low as $74,500 Wednesday morning, was trading below $77,000 when President Trump wrote in a Truth Social post just after 1:15 p.m. ET that he was pausing the duties effective immediately, and that a base tariff of 10% on most countries. The largest cryptocurrency soon soared, along with risk assets like equities, surging to roughly $83,000 in recent trading. Shares of bitcoin buyer Strategy (MSTR), ... (full story)
