$BTC According to PANews US President Donald Trumps recent tariff exemption policy over the weekend has led to a significant surge in the cryptocurrency market ๐ Bitcoin reached a high of $85900 overcoming resistance around $83000 as the technology sectors burden from high import costs eased considerably compared to 24 hours earlier โณ
historically cryptocurrencies like Bitcoin tend to move in tandem with tech stocks especially when investor sentiment shifts towards riskier assets ๐ Trumps tariff exemption policy has lifted the cloud over the tech industry indirectly alleviating pressure on the crypto market ๐ก within hours of the announcement Bitcoin rebounded to its weekend peak ๐
the exemption of tariffs on semiconductors and computer components is seen as a longterm benefit for the crypto ecosystem ๐ป these components are crucial for cryptocurrency mining blockchain infrastructure and AIbased crypto tool development โ๏ธ continuous and affordable production and supply of these parts ensure the smooth operation of the crypto industry including exchanges wallet providers and tech startups focused on blockchain solutions ๐
despite the complexity and unpredictability of Trumps trade policies the targeted exemption for tech equipment provides clear shortterm policy direction and eases market pressure ๐ฏ investors are now more confident that inflation in consumer electronics will be avoided and companies wont be forced to raise prices or cut innovation ๐ก while this doesnt signal the end of tariff concerns it does alleviate one of the major worries facing the cryptocurrency sector ๐
the crypto market has shown a moderate bullish response and the stock market is expected to rise on Monday further boosting Bitcoin and altcoins ๐ however after the initial reaction the market dynamics will become more intriguing and widespread FOMO sentiment could stifle any upward trend ๐ข
