Bitcoin rises moderately this Tuesday, 29, as optimism about the easing of the Donald Trump administration's stance on tariffs improves investors' appetite for risk assets.
Around 4:39 PM (Brasília time), Bitcoin was up 0.44% priced at $95,260.51, while Ethereum rose 1.28%, trading at $1,823.29, according to data from Binance.
This movement occurs amid a climate of greater optimism, generated by statements from U.S. Treasury Secretary Scott Bessent, who mentioned meetings with representatives from at least 17 trading partners in the coming weeks, as well as the expectation that a deal with India is "close to being finalized." At the same time, signs that Trump plans to ease tariffs on the automotive sector also contributed to the improved market sentiment.
The cryptocurrency is also supported by the news that Arizona has approved a bill allowing the U.S. state to invest up to 10% of its public funds in digital assets. These developments, along with Standard Chartered's (LON:STAN) prediction that Bitcoin will rise to $200,000 by the end of the year, suggest a favorable environment for the cryptocurrency, says Zaye Capital Markets analyst Naeem Aslam.
