On the eve of the implementation of U.S. mutual tariffs, the U.S. stock market is rallying, with the Nasdaq rising 0.87%, and cryptocurrencies are also climbing.
![](data:image/svg+xml;charset=utf-8,<svg height="786px" width="1280px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
As of 7:30 a.m. on the 2nd, Bitcoin is trading at $85,232, a 3.55% increase from 24 hours ago, according to CoinMarketCap, a global cryptocurrency market tracking site.
Ethereum, the second-largest cryptocurrency by market capitalization, is also trading at $1,915, a sharp increase of 5.19%.
Ripple, the fourth-largest cryptocurrency by market capitalization, is trading at $2.15, a 3.55% increase. On the day, Ripple is being traded between a low of $2.07 and a high of $2.19.
On this day, the U.S. stock market rallied, with the Dow showing a slight decline of 0.03% ahead of the imposition of Trump's tariff bomb, while the Nasdaq rose 0.87% and the S&P 500 climbed 0.38%.