With the easing of geopolitical events putting pressure on traditional and digital markets, Bitcoin breathes a sigh of relief. Trade uncertainty caused a period of volatility, but a significant 90-day suspension of tariffs on important technology imports accelerated its recovery. After reaching a local high of $85,000, Bitcoin may soon surpass the highly anticipated $100,000 barrier.
With the exemption of imports valued at over $390 billion, the markets viewed this as a positive indicator. Key technological items such as computers, smartphones, and semiconductors were excluded, which is also a positive development for the cryptocurrency industry.
This suspension allows tech giants like Apple (NASDAQ:AAPL) and Nvidia (NASDAQ:NVDA) to avoid price increases and disruptions that would have accompanied high tariffs. In fact, under the previous policy, analysts warned that iPhones could cost as much as $3,500. The removal of this risk has led to a sharp rise in both Bitcoin and stock markets. During the period of tariff concerns, Apple also announced...