The US stock market delivered one of its most impressive performances in decades on April 9, sparking a parallel rally in cryptocurrency-related stocks. The dramatic upswing followed President Donald Trump’s unexpected announcement of a 90-day pause on aggressive global tariffs, injecting fresh optimism into financial markets.

The US stock market rebound was led by the S&P 500, which skyrocketed 9.52%—marking its third-largest single-day gain since World War II. The Nasdaq 100, heavily weighted toward tech stocks, surged even higher with a staggering 12.02% increase. This bullish momentum spilled over into the crypto sector, where publicly traded digital asset companies outperformed many traditional equities.

Crypto Stocks Outpace Broader US Stock Market Gains

While the US stock market as a whole saw substantial gains, crypto-focused equities stood out as some of the day’s biggest winners:

• Michael Saylor’s Strategy (formerly MicroStrategy) – Up 24.76% to $296.86
• Coinbase (COIN) – Jumped 17% to $177.09
• Marathon Digital (MARA) – Gained 17%
• Cipher Mining (CIFR) – Rose 16.59%
• Riot Platforms (RIOT) – Increased 12.77%

The rally gained momentum in the final three hours of trading after Trump’s surprise announcement on Truth Social. The president revealed a temporary freeze on reciprocal tariffs, lowering rates to 10% for most countries while increasing tariffs on China to 125% in response to its trade policies.

Global Markets and Bitcoin Follow US Stock Market Rally

The positive sentiment extended beyond the US stock market, with Asia-Pacific exchanges opening strong on April 10. Australia’s ASX 200 climbed 4.55%, while Japan’s Nikkei 225 opened nearly 10% higher, reflecting widespread relief among investors.

Bitcoin (BTC), often seen as a barometer for crypto market sentiment, surged 7.52% to $82,065, according to CoinMarketCap. This uptick contrasted sharply with recent volatility, where Trump’s earlier tariff threats had contributed to a steep sell-off.

A Volatile Month for the US Stock Market

The US stock market has been on a rollercoaster in recent weeks. On April 4, it suffered a devastating $3.25 trillion loss—more than the entire crypto market’s valuation at the time. That plunge came just two days after Trump signed an executive order enforcing reciprocal tariffs, sparking fears of a prolonged trade war.

However, the latest policy shift has reignited investor confidence, driving a powerful rebound in equities and crypto assets alike. Analysts suggest that if geopolitical tensions continue to ease, the US stock market could sustain its upward trajectory, further benefiting crypto stocks.

What’s Next for Investors?

With the US stock market showing signs of stabilization, crypto investors are cautiously optimistic. Bitcoin’s resilience suggests strong underlying demand, while crypto stocks remain closely tied to broader market trends.

Key factors to watch include:

• Further developments in US trade policy
• Institutional interest in Bitcoin and crypto equities
• Macroeconomic indicators influencing Fed rate decisions

For now, the rally offers a much-needed reprieve for traders after weeks of turbulence. If the US stock market maintains its recovery, crypto assets could see continued upside in the near term.

A Turning Point for Markets?

The April 9 surge demonstrated how interconnected the US stock market and crypto sector have become. As traditional finance rebounds, digital asset stocks are proving to be high-beta plays—outperforming in bullish conditions but vulnerable in downturns.

Investors should remain vigilant, as further policy shifts or macroeconomic shocks could reignite volatility. However, for now, the strong recovery in the US stock market has provided a tailwind for crypto equities, setting the stage for potential further gains.  The Bit Gazette is your sure bet for the latest and hottest crypto news and expert analysis.