Equities Soar on Tariff Flexibility Hints While Crypto Trades Mixed

Global markets presented a bifurcated picture on Tuesday, with US equities surging on signals of potential flexibility in US President Donald Trump's upcoming tariff announcements, while the cryptocurrency market displayed a more subdued and mixed performance.

Bitcoin ( BTC ) is currently trading at $86,389, almost unchanged at -0.35% over the past 24 hours. Ethereum ( ETH ) has seen a more significant uptick, 1.18% up to $2,042 in the same period, while Solana ( SOL ) is down -0.24% to $138.4, according to data from Coinmarketcap.

Traditional equities, however, experienced a strong rally in Monday's trading session, largely fueled by reports indicating President Trump might be reconsidering the strict imposition of new tariffs, particularly on the automotive sector. The S&P 500 , Nasdaq, and Dow Jones Industrial Average all posted substantial gains.

Investor sentiment was buoyed by the prospect of eased trade tensions, with companies like Nvidia (+3.15%) and Tesla (+11.93%), which have significant international supply chains and sales, seeing notable increases in their stock prices.

The cryptocurrency market's response to the tariff news has been less pronounced. While Bitcoin has seen a small gain, the broader crypto market is showing signs of consolidation after recent volatility. Some analysts suggest that the cryptocurrency market may have already factored in a degree of global economic uncertainty, while others point to different fundamental factors driving crypto valuations.

Despite the mixed performance among major cryptocurrencies, the global cryptocurrency market capitalization has seen a slight overall increase, up 0.4% to $2.83 trillion.

In related news, President Trump also announced new tariffs targeting countries that purchase Venezuelan oil and gas. This development has led to a moderate increase in oil prices as the market anticipates potential shifts in global energy supply chains.