#BTCRebound
The cryptocurrency market, led by Bitcoin (BTC), has seen a noticeable recovery following U.S. President Donald Trump's decision to exempt tech products from the tariffs he imposed on China and other countries. Market participants view this decision as a positive signal amid the ongoing trade war between the United States and China.
The cryptocurrency market surged after Trump's decision to exempt tech products from the reciprocal tariffs imposed on China and other countries. According to a report published by CNBC, the U.S. president exempted phones, computers, and electronic chips from the new tariffs.
The price of Bitcoin surpassed $85,000 after this report, and other alternative cryptocurrencies also recorded significant gains. This development is undoubtedly positive for the market, as it eases the severity of the tariffs Trump imposed on most countries earlier this month.