Bitcoin (BTC) and Other Crypto-Focused Stocks Soar as the Trump Administration Signals a More Flexible Approach to Tariffs

Crypto-focused stocks saw substantial gains on Monday as Bitcoin and other digital assets rallied amid broader market optimism.

Crypto-focused stocks saw substantial gains on Monday as Bitcoin and other digital assets rallied amid broader market optimism. The upswing came as investors responded to signals that the Trump administration might ease its approach to tariffs.

Strategy, formerly known as MicroStrategy, closed up by more than 10%. The company’s stock traded at $335.72 per share according to Nasdaq data.

The Tysons, Virginia-based company, which trades under the ‘MSTR’ ticker symbol, announced a milestone achievement on Monday. It has now accumulated more than 500,000 Bitcoin in its corporate treasury.

Strategy revealed it currently holds 506,137 Bitcoin valued at $44.2 billion. This cements its position as the largest corporate holder of Bitcoin.

The company has been funding these Bitcoin purchases by selling its stock. This strategy has attracted both supporters and critics in the financial community.

Coinbase, the largest U.S. cryptocurrency exchange, also benefited from the positive market sentiment. The company’s stock (COIN) rose 7% on Monday afternoon Eastern Time, reaching $203 per share.

Bitcoin mining companies likewise posted impressive gains. CleanSpark (CLSK), a low-carbon powered miner, jumped over 18% on Monday, trading at $8.79 per share.

Riot Platforms (RIOT) saw its stock price increase by nearly 10%, reaching $9.69. MARA Holdings (MARA) rose 18% to $14.61 per share.

The broader U.S. equity markets traded higher on Monday. This followed indications from the White House that it would take a softer approach on tariffs against trading partners.

The tech-heavy Nasdaq composite index jumped 2.2% on Monday. This mirrored the performance of many crypto stocks.

Bitcoin Price

Bitcoin, the largest cryptocurrency by market capitalization, was trading at approximately $87,350. This represented a 2.2% increase over the past 24 hours, according to data from CoinGecko.

Other cryptocurrencies also performed well. Ethereum and Solana were up more than 4% and 6% respectively over the same period.

Earlier in March, the Consumer Price Index came in slightly lower than forecast. This encouraged markets that had been worried about the prospect of rising prices and slow economic growth, a combination known as stagflation.

President Donald Trump’s tariffs on Mexico, China, and Canada have been a source of market concern. These trade policies have partially offset the positive impact of his pro-cryptocurrency stance.

Bitcoin reached a new all-time high above $108,000 following Trump’s inauguration. This rally also sent equity markets higher at the time.

However, the leading cryptocurrency has pulled back in recent weeks. It fell below $80,000 at different points before recovering.

Trum Administration

The Trump administration has made several crypto-friendly moves since taking office. These include reducing regulation and announcing the creation of a special Bitcoin reserve.

Deutsche Bank analyst Marion Laboure noted that crypto’s performance in 2025 has been uneven. She attributed this partly to uncertainties surrounding the Trump administration’s planned Bitcoin reserve.

Laboure also mentioned increasing momentum around “the tokenization of finance” as a factor affecting crypto markets.

Bernstein analysts predict growing connections between cryptocurrency and traditional finance. “We see a world where crypto exchanges will offer spot crypto, crypto derivatives, and tokenized equities, while broker platforms will also scale up their crypto services,” they wrote.

Earlier in March, Rosenblatt analyst Chris Brendler called Coinbase “the clear blue chip” in the crypto sector. He cited the company’s non-trading revenue growth as a strength.

Brendler suggested that Coinbase stock “will prove more resilient in the next Crypto Winter.” Despite Monday’s gains, Coinbase shares remain down about 22% year-to-date.

Robinhood (HOOD) also benefited from the positive market sentiment. Its shares climbed 9.6% on Monday, recovering some recent losses.

The company recently expanded its cryptocurrency offerings. A week ago, Robinhood launched a prediction markets product within its app.

Mining company Hut 8 (HUT) saw its stock rise more than 7.3%. Earlier this month, the firm secured 592 acres in Louisiana for a new $2.5 billion, 300MW data center.

The correlation between Bitcoin and tech stocks remains strong. According to Standard Chartered analyst Geoff Kendrick, investors might do well to treat Bitcoin more as a tech stock than as a hedge against traditional market volatility.