Stocks of mining companies such as Bitfarms and Bitdeer rose by more than 20% after the White House announced a 90-day pause on new trade measures, including import tariffs.
This is reported by Finway
Market Reaction to the U.S. Administration’s Decision
Following the announcement by Donald Trump’s administration to suspend the introduction of new import tariffs, shares of Bitfarms and Bitdeer showed significant gains, recovering from a sharp decline observed earlier in the week. According to TradingView data, the price of Bitcoin also rebounded to $83,000 after hitting a local low of $75,000 amid panic over a potential trade conflict.
Vulnerability of the Mining Industry
Prior to the White House announcement, miner stocks were under pressure due to concerns about the impact of new tariffs on the supply chains of ASIC equipment and the energy market. Experts believe that the U.S. mining industry remains particularly vulnerable to external economic risks. However, despite the rebound, as of April 10, 2025, a moderate correction was already observed, and most publicly traded miners showed declines in their quotes due to the ongoing standoff between the U.S. and China.
At this time, the White House has not provided information on whether specific goods for the crypto industry will be subject to future 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, highlighting the impact of volatility and geopolitical factors on the sector in the short term.
“The market capitalization of the 14 largest Bitcoin miners fell by 25% in March of this year.”