Cryptocurrency-exposed stocks are surging as Bitcoin gains for a second straight session, climbing 3% to $87,655. The broader market is also rising as investors grow optimistic that President Trump's upcoming tariffs may be more targeted than initially feared.
Leading the crypto stock rally is CleanSpark with an impressive +12.63% gain, followed by MARA Holdings at +11.55%. Other significant gainers include Bitdeer Technologies (+7.99%), HUT 8 (+6.82%), Core Scientific (+5.99%), and TeraWulf (+5.62%). Coinbase, the largest U.S. crypto exchange, is up 4.97% to $199.30, while Strategy (MSTR.US) gains 7% to $325.
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Bitcoin Gains Momentum on "Targeted Tariff" Reports
Bitcoin jumped nearly 4% to $88,135 as markets responded positively to reports suggesting the Trump administration may implement a more measured approach to new trade tariffs. Instead of broad industry-wide levies, the plan would reportedly target specific countries with significant trade imbalances with the U.S.—dubbed the "dirty 15"—which could include China, Japan, India, and Vietnam.
Treasury Secretary Scott Bessent indicated countries might negotiate to avoid higher tariffs by reducing their own trade barriers, suggesting flexibility in the administration's approach. This development has eased concerns about potential escalation in trade tensions, boosting confidence in risk assets like cryptocurrencies.
Corporate Bitcoin Adoption Accelerates
Strategy has boosted its Bitcoin holdings above 500,000 tokens after purchasing 6,911 Bitcoins for $584.1 million last week, at an average cost of $84,529 per token. The company's total holdings now stand at 506,137 BTC acquired for $33.7 billion, with an average cost basis of $66,608 each. The purchase was funded by selling 1.975 million shares of common stock, raising $592.6 million.
In other corporate developments, Japanese Bitcoin investment firm Metaplanet has appointed Eric Trump to its Strategic Board of Advisors. The Tokyo-listed company, which aims to grow its Bitcoin reserves to 10,000 BTC by the end of 2025, expects Eric Trump's experience in finance and branding to support its global expansion strategy. ETFs were also net buyers in recent days.
Broader Crypto Market Also Rising
The positive sentiment has extended to the broader cryptocurrency market. Ethereum rose 4% to $2,087.95, while XRP gained 2.6% to $2.47. Solana jumped 8%, with Cardano and Polygon rising 3.3% and 4% respectively. Among meme tokens, Dogecoin advanced 6%, while $TRUMP surged 8.2%.
Despite the current rally, Cantor Fitzgerald analysts note that Bitcoin might face technical challenges ahead, potentially needing to test key price levels around $70,000 and $66,000 before returning to new highs. Meanwhile, gold has outperformed Bitcoin significantly in 2025, rising 13.9% year-to-date while Bitcoin has declined by the same percentage, highlighting their historically low correlation during periods of market uncertainty.
Bitcoin (D1 Interval)
Bitcoin is approaching the 38.2% Fibonacci retracement level after finding support at the 50% retracement level. Both the RSI and MACD are on the verge of breaking a long-term bearish divergence that began in November. Source: xStation
