Bitcoin (BTC) has surged past $84,500, marking a significant rebound from its March lows of around $67,000. This upward momentum is closely tied to recent U.S. trade policy shifts.
On April 10, President Donald Trump announced exemptions for key tech products—including smartphones, laptops, semiconductors, and related electronics—from the newly imposed reciprocal tariffs. These tariffs had previously reached up to 125% on Chinese imports and 10% globally. The exemptions, affecting approximately $100 billion of U.S. imports from China, aim to alleviate cost pressures on consumers and tech companies like Apple, Samsung, HP, Dell, and Microsoft.
Analysts suggest that this policy shift has bolstered investor confidence, leading to a rally in both tech stocks and cryptocurrencies. Bitcoin's price increase aligns with gains in tech equities, indicating a broader market shift toward risk-taking.
While the tariff exemptions provide immediate relief, the broader trade policy remains volatile, with potential implications for future market dynamics.
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