As President Trump gears up to unveil his latest tariff measures post-market close on Wednesday, the anticipation of the "Liberation Day" tariff announcement has injected optimism into the market. Bitcoin leads the charge with a 2% surge, while other major cryptocurrencies are also posting significant gains.

Reports suggest that the president might opt for a less severe tariff option, easing concerns among investors and contributing to a positive market sentiment. This shift in perception is reflected in various sectors, including crypto stocks like Core Scientific (CORZ) and CleanSpark (CLSK), which have surged nearly 10% today. Additionally, companies like MicroStrategy (MSTR) and Coinbase (COIN) are up by 5.4% and 2.1%, respectively.

The broader U.S. stock market has followed suit, reversing early losses to edge higher by nearly 1%, especially with the Nasdaq leading the charge.

The timing of this market rally precedes the much-anticipated "Liberation Day" tariff rollout scheduled for tomorrow after U.S. trading hours. Notably, White House Press Secretary Karoline Leavitt acknowledged concerns over recent market fluctuations during a briefing today.

Is Hope a Strategy? Bitcoin Reclaims $85K Ahead of Trump 'Liberation Day' Tariff Announcement

The president is set to detail his tariff regime on Wednesday after the U.S. market close.

• The market is rallying ahead of the Trump administration's "Liberation Day" tariff rollout.
• Bitcoin has rallied more than 2%, while other crypto majors have put in even larger gains.
• One report said the president is "less likely" to go with the market's most feared option on Wednesday.

In parallel developments, Israeli Finance Minister Bezalel Smotrich revealed plans to eliminate tariffs on U.S. imports in Israel, adding another layer of intrigue to global trade dynamics.

Crypto stocks are also performing well, with bitcoin miners Core Scientific (CORZ) and CleanSpark (CLSK) jumping almost 10% on the day. Strategy (MSTR) is up 5.4% and Coinbase (COIN) 2.1%.

U.S. stocks reversed early session losses to turn higher as well, with the Nasdaq now ahead just shy of 1% for the day.

The action comes ahead of the Trump administration’s so-called "Liberation Day" tariff rollout set for tomorrow after the close of U.S. trading.

Also maybe helping is what appears to be the first acknowledgement that the administration is aware of the market tumult resulting from all the tariff chatter. Speaking today at her daily briefing, White House Press Secretary Karoline Leavitt said that there were legitimate concerns about market swings.

Meanwhile, Israel’s Minister of Finance Bezalel Smotrich announced on Tuesday that a process had been launched to get rid of tariffs on U.S. imports in that country.