#MarketRebound The market rebound is largely attributed to US President Donald Trump's surprise announcement of a 90-day pause on new tariffs, which sparked a relief rally in global markets. This move temporarily eased trade tensions and boosted investor confidence.
*Market Performance:*
- *S&P 500*: Jumped 9.52% on April 9, its third-largest single-day gain since World War II
- *Nasdaq 100*: Rose 12.02% on April 9
- *Cryptocurrency Market*: Total capitalization reached $2.60 trillion, with Bitcoin surging above $80,000
- *Asia Pacific Markets*: Australia's ASX 200 index up 4.55%, Japan's Nikkei 225 opened 10% higher
*Key Factors:*
- *Tariff Pause*: Trump's 90-day pause on new tariffs eased trade tensions and boosted investor confidence
- *Economic Data*: US inflation slowed to 2.4% in March, more than expected
- *Short Sellers*: Lost $75 billion on paper due to the market rebound, according to Ortex Technologies
*Cryptocurrency Gains:*
- *Bitcoin (BTC)*: Trading 7.52% higher than 24 hours ago, at $82,065
- *Michael Saylor's Strategy*: Up 24.76% to $296.86
- *Coinbase (COIN)*: Closed up 17% to $177.09
- *Crypto Mining Companies*: MARA Holdings up 17%, Cipher Platforms up 16.59%, Riot Platforms up 12.77% ¹ ² ³
