Financial Insights That Matter
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), formerly known as MicroStrategy, and trading platform Robinhood Markets (HOOD) jumped 24% and 22%, respectively. Crypto exchange Coinbase (COIN) soared 19%, bitcoin miner MARA Holdings (MARA) added 17%, and Riot Platforms (RIOT) gained 11%.
#1a73e8;">Boost Your Financial Knowledge and Achieve Stability
Discover a growing online community dedicated to delivering financial news, tips, and strategies designed to help you manage money effectively, save smarter, and grow your investments with confidence.
#1a73e8;">Top Financial Tips for Saving and Investing
- Personal Finance Management: Master the art of budgeting, expense tracking, and building a strong financial foundation.
- Investment Opportunities: Stay updated on market trends, learn about stocks, and explore secure ways to grow your wealth.
- Expert Money-Saving Advice: Access proven techniques to reduce expenses and maximize your financial potential.