Stocks of companies involved in Bitcoin mining saw a significant increase following the White House’s announcement of a 90-day pause on new trade measures related to imports. In particular, shares of Bitfarms and Bitdeer rose by more than 20%, allowing them to recover positions after a sharp decline earlier in the week.
This is reported by Business • Media
According to an analysis on the TradingView platform, the decision by Donald Trump’s administration also had a positive impact on the digital asset sector, which had previously suffered from fears of escalating trade conflicts. On Wednesday, the price of Bitcoin rose to $83,000, recovering from a local minimum of $75,000 recorded amid panic sentiments.
Impact of Tariffs on the Cryptocurrency Market
Prior to the White House announcement, miner stocks were under pressure due to concerns that new tariffs could negatively affect the supply of ASIC equipment and the energy market. Experts emphasize that the mining industry in the US remains vulnerable to external economic threats.
However, despite the recovery, a noticeable decline in stock prices was observed by April 10, 2025. Most publicly traded miners reported a decrease in quotes amid the ongoing confrontation between the US and China.
Forecasts and Uncertainty in the Market
The White House has yet to provide information on whether specific goods for the crypto industry will fall under the next trade measures. Uncertainty remains, especially for companies importing equipment from China and Asia. Since the beginning of 2025, the market capitalization of public mining companies has decreased by $20 billion, according to CompaniesMarketCap. Volatility and geopolitical factors remain key drivers for the sector in the short term.
It is worth noting that the market capitalization of the 14 largest Bitcoin miners fell by 25% in March of this year.