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Leading cryptocurrencies gained, with some of the biggest crypto stocks following suit as the broader market rose on Monday after reports that the Trump administration may narrow the scope of its impending April 2 tariffs.
Bitcoin was up 2.7% to $88,418.31, Ether was up about 4.2% to $2,088.88, and Ripple’s XRP was up more than 1.1% to $2.47 as of around 11:15 a.m. New York time.
“Cryptocurrencies are experiencing a strong day, with Bitcoin showing positive performance,” Nansen analyst Nicolai Søndergaard told Quartz. “Given the correlation between token performance and the valuation of crypto-related companies, this has led to gains in stocks such as MicroStrategy, Coinbase, and Robinhood.”
Still, Deutsche Bank (DB+2.15%) Research analyst Marion Laboure told CNBC Monday that crypto’s hot-and-cold 2025 is partly linked to…
