Bitcoin tariff exemption, Led by Bitcoin, the crypto market has shown a strong comeback following Donald Trump’s announcement of an exception for electronic goods from the recently imposed tariffs on China and other nations. Among the continuous US-China trade conflict, investors view this action as a favorable one.
Tech Tariff Exemption Sparks Market Rally
President Trump has omitted phones, computers, and semiconductor chips from the latest tariff list, claims a CNBC story. This choice set off an instantaneous market response:
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Bitcoin surged past $85,000, reflecting renewed investor confidence.
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Altcoins like Ethereum, Solana, and Cardano also posted significant gains.
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Apple and other tech giants saw stock price boosts, indirectly benefiting the crypto space due to Bitcoin’s correlation with equities.
This tariff relief is a positive driver for the larger digital asset market because it releases macroeconomic pressure and creates a more favorable investment environment.
Could This Signal the End of the US-China Trade War?
The exemption may also hint at de-escalation in trade tensions. As reported by CoinGape:
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China announced a 125% tariff on US imports, responding to the US’s earlier 145% tariffs.
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Trump expressed optimism about a potential deal with China, further boosting market sentiment.
If an agreement is reached, it could trigger another major rally in Bitcoin and altcoins, potentially pushing prices to new all-time highs.
Analysts Weigh In: Is the Correctional Phase Ending?
Market experts are cautiously optimistic:
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Kevin Capital, a well-known crypto analyst, noted via X that the correctional phase is going as planned. However, he emphasized:
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Bitcoin must clear the $89,000 resistance to solidify bullish sentiment.
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Macroeconomic alignment is essential for a sustainable uptrend.
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The Federal Reserve recently signaled readiness to inject liquidity, which could support risk assets like crypto.
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Both CPI and PPI inflation data came in lower than expected, potentially paving the way for more accommodative monetary policy.
Rekt Capital added: A weekly close above $86,000 would be significant, potentially replicating the mid-2021 breakout. However, Bitcoin still trades below the critical $86,811 mark for a true bullish breakout confirmation.
What’s Next for Crypto Investors?
The crypto market might be about to enter a new optimistic phase as macroeconomic winds change and the political scene develops.
Stay ahead of the curve by monitoring key levels:
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Watch for Bitcoin Eyes Bullish Breakout to sustain momentum above $86,000.
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Track global policy shifts related to US-China trade talks and Fed actions.
