Bitcoin, Ethereum, and Dogecoin Soar as "Risk On" Trade Continues

Investors continued to buy risk assets on Wednesday, including growth stocks, tech stocks, and cryptocurrencies, following a sharp move higher on Tuesday. And as highly correlated assets, it's no surprise they're all up in unison today.The move in crypto is largely because of macroeconomic news, rather than anything about crypto itself. Bitcoin (CRYPTO: BTC) is up 2.9% since the stock market closed yesterday, Ethereum (CRYPTO: ETH) is up 5.1%, and Dogecoin (CRYPTO: DOGE) is up 6.2%.The speculation today is that tariffs on imports from China will come down in short order after Treasury Secretary Scott Bessent said he expects a "de-escalation" in the trade war with China in the "very near future." Continue reading

Apr 23, 2025 - 21:57

Bitcoin, Ethereum, and Dogecoin Soar as "Risk On" Trade Continues

Investors continued to buy risk assets on Wednesday, including growth stocks, tech stocks, and cryptocurrencies, following a sharp move higher on Tuesday. And as highly correlated assets, it's no surprise they're all up in unison today.

The move in crypto is largely because of macroeconomic news, rather than anything about crypto itself. Bitcoin (CRYPTO: BTC) is up 2.9% since the stock market closed yesterday, Ethereum (CRYPTO: ETH) is up 5.1%, and Dogecoin (CRYPTO: DOGE) is up 6.2%.

The speculation today is that tariffs on imports from China will come down in short order after Treasury Secretary Scott Bessent said he expects a "de-escalation" in the trade war with China in the "very near future."