The Trump administration is reportedly taking a targeted approach to key trading partners, easing recession fears and lifting Bitcoin sentiment.

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White House to Scale Back Tariffs, Bitcoin Gains on Eased Economic Jitters

The Trump administration is reportedly taking a targeted approach to key trading partners, easing recession fears and lifting Bitcoin sentiment.

By Vince Dioquino

Mar 24, 2025

3 min read

Bitcoin regained momentum Sunday and nudged up by as much as 2.7% following reports that the White House has signaled a more targeted approach to its April 2 tariffs, confirming it would likely omit sector-specific duties while still implementing "reciprocal tariffs" on major trading partners.

The crypto market saw higher gains amid reports on Sunday afternoon from Bloomberg and the Wall Street Journal that Trump's administration is narrowing its tariff strategy.

Bitcoin traded above $86,700 by Sunday midnight, roughly twelve hours after the aforementioned reports emerged, showing resilience after volatile swings over the past week, which saw lows of $81,200.

The alpha crypto is up 3.3% on the day, while the rest of the market has tracked up by 0.7% in total market cap, data from CoinGecko shows.