Boutique Media & consulting group
BTC$84309
ETH$1602
BNB$587
XRP$2.18
Bitcoin (BTC) surged past the $84,500 mark on Saturday, signaling a potential end to its three-month downtrend. This uptick follows the Trump administration’s decision to exempt key technology products from its reciprocal tariffs, a move that has been well-received by investors and market participants.
The U.S. Customs and Border Protection announced that items such as smartphones, computers, and semiconductor manufacturing equipment would be excluded from the recently imposed tariffs. These exemptions are seen as a strategic concession in the ongoing trade tensions between the U.S. and China, aiming to alleviate potential economic disruptions.
The positive market response was not limited to Bitcoin alone. Major cryptocurrencies like Ethereum (ETH), XRP, and Cardano (ADA) also experienced significant gains, reflecting increased investor confidence and a renewed appetite for risk assets. This collective rally suggests that the crypto market is responding favorably to the easing of trade-related uncertainties.
Analysts note that Bitcoin’s price movement indicates a potential breakout from its recent downward trend. The cryptocurrency is now testing key resistance levels, and a sustained move above these thresholds could pave the way for further gains. Market observers will be closely monitoring upcoming economic indicators and policy decisions that could influence the trajectory of digital assets in the near term.
Sentiment: Positive
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