Crypto Stocks Jump As Bitcoin Tops $84,000

Tiger Newspress
01 Apr

The price of Bitcoin fell to a two-week low on Monday before recovering some losses, as other major cryptocurrencies also seesawed two days ahead of U.S. President Donald Trump’s deadline to impose steep tariffs.

The leading digital asset edged up 1.8% to $84,004.88 on Tuesday.

Crypto stocks also jumped in premarket trading. Hut 8 rose 7%; BTC Digital rose 4%; Strategy and MARA Holdings rose 3%; CleanSpark and Coinbase rose 2%; Riot Platforms rose 1%.

The upturn comes as investors look toward April 2, when Trump plans on announcing the tariffs in a ceremony scheduled for the White House Rose Garden. The crypto market has been teetering amid widespread market jitters as investors reel from Trump’s erratic trade policies. 

Bitcoin’s price was recently down 23% from its record high of $108,800 set on Trump’s Jan. 20 inauguration day. On Monday, the S&P 500 fell again into correction territory, sinking more than 10% below the market index’s peak in January, before regaining some ground.

Hut 8 said on Monday it had joined hands with President Donald Trump's son, Eric Trump, to launch a bitcoin mining company called American Bitcoin.

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