Crypto Stocks Surge After Trump Tariff Pause; MicroStrategy Up 24%

Crypto-related equities experienced a significant surge on Wednesday following President Trump's announcement of a 90-day pause on worldwide reciprocal tariffs and a reduction to 10% for most countries, effective immediately. The price of Bitcoin jumped over 7%, while Ether and Solana increased by as much as 13%, according to The Block's price data. Strategy (formerly MicroStrategy) led the charge, closing over 24% higher. Coinbase closed up approximately 16.8%, while Robinhood and Block rose 23.5% and 14.3%, respectively. Among Bitcoin mining firms, Bitfarms spiked 23.6%. MARA Holdings, the largest publicly traded Bitcoin mining company by market cap, rose 17%.