Bitcoin is over the moon about tariff delay, Strategy spikes too

Bitcoin soared on President Donald Trump’s announcement of a 90-day tariff pause on most countries. Bitcoin’s started the day at about $76,000 and has jumped to over $82,000 following Trump’s post.

Michael Saylor, CEO of bitcoin holding company Strategy, immediately posted: “Bitcoin is the Best Idea. There is no Second Best.” The company’s stock was up a staggering 22% after the announcement.

Bitcoin has been decoupling and recoupling with risk assets in the past few days. Many started the week wondering if bitcoin would sink to preelection levels. (It was at roughly $68,000 on November 4.) Now, some are wondering if it could reach $90,000 by the end of the day.

#BITCOIN IS RIPPING 🚀

$90,000 BY THE END OF TODAY??? pic.twitter.com/TXiglAj8ep
— Vivek⚡️ (@Vivek4real_) April 9, 2025

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Broken token?

More than 58% of ethereum’s supply is unprofitable

“ETH, as a token, is broken,” short seller Culper Research wrote in a report, likening the asset to Netscape and Nokia.

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Bitcoin fails to hold $70,000 level

Options traders have been pessimistic about the recent rally, and are hedging against a fall to $60,000.

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3/5/26

Ethereum stays range-bound as daily ETF inflows spike to highest since January

On Wednesday, spot ethereum ETFs recorded $169.4 million worth of inflows.

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3/5/26

Despite the recent rally, bitcoin faces a triple threat of resistance

While bitcoin broke out of “$60K purgatory,” an “important psychological achievement,” the Iran conflict is just one headwind the asset faces.

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Solana rises amid crypto rally after “breakout month” for solana stablecoins

Stablecoin transaction volume on solana climbed to a record $650 billion last month, more than double the network’s previous record. It also saw the highest volume of any blockchain last month, according to a Wednesday note published by Grayscale Head of Research Zach Pandl.

“Stablecoins are one of the megatrends driving adoption of blockchain technology, and Solana is well positioned to compete in this category,” Pandl wrote.

The research note comes as the supply of stablecoins on solana has jumped to $15.4 billion, a substantial leap since the start of 2025, when the figure sat at $5.1 billion, data from open-source analytics platform DefiLlama shows.

The price of solana has increased 7.3% in the last 24 hours to return above the $90 level, outpacing bitcoin, ethereum, and dogecoin, per CoinGecko.

International banking group Standard Chartered has predicted solana will grow to $250 by the end of 2026, pointing to a shift in activity from meme coins to solana-stablecoin pairs, aided by AI-driven micropayments.

Meanwhile, the prediction market-implied odds of solana sliding below $60 in 2026 stands at 68% on Wednesday morning, and on the bullish side, traders are pricing in a 48% chance the token will rise higher than $150 in the year.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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