Market Update: Bitcoin and Stocks Reversal

A significant Tuesday reversal in risk markets has led to a nearly 10% increase in bitcoin (BTC) from its lowest level of the session, while the Nasdaq has turned positive after being down by almost 2% earlier in the day.

For weeks, stocks and crypto were impacted by Trump’s tariff threats. Today, stocks and crypto initially dropped sharply as tariffs against Mexico, Canada, and China came into effect.

However, late in the U.S. morning, dip-buyers emerged, and with a little over an hour left before stock trading closes, the Nasdaq is up 0.7% for the session, while the S&P 500 has reduced an early large loss to just 0.25%.

As of now, bitcoin is trading just above $88,000, marking a 1.5% increase over the past 24 hours. In contrast, Ether (ETH) has underperformed, remaining flat at $2,171 during the same timeframe.

Tuesday’s trading continues a roller coaster 10-day journey for bitcoin, which fell more than 20% from February 21 to just above $78,000, only to rebound over 20% to nearly $95,000 within three days. However, it tumbled again yesterday and this morning to the $81,000 level.

A look at crypto-related stocks shows Strategy (MSTR) up 11%, Coinbase (COIN) increasing by 4%, and Marathon Holdings (MARA) gaining 5%.