🚀 Power your finances with Square and explore the crypto world through #Binance! 💸 Send, spend, and invest — all from one place. 🔐 Stay secure. Stay ahead. 📈 The future of finance is in your hands.
🚀 Power your finances with Square and explore the crypto world through #Binance! 💸 Send, spend, and invest — all from one place. 🔐 Stay secure. Stay ahead. 📈 The future of finance is in your hands.
The cryptocurrency market is experiencing a rebound, with the total market capitalization increasing by 1.43% from last week to reach $2.62 trillion. Here are some topics related to the market rebound:
Top Gainers - *Solana (SOL)*: Up 8.4% in the past 24 hours, trading at $120.57 - *Sui (SUI)*: Up 6.5% in the past 24 hours, trading at $2.22 - *XRP*: Up 4.2% in the past 24 hours, trading at $2.05 - *Cardano (ADA)*: Up 4.9% in the past 24 hours, trading at $0.6279
Market Trends - *Bitcoin (BTC)*: Up 5.2% in the past 24 hours, trading at $83,823.99 - *Ethereum (ETH)*: Up 3% in the past 24 hours, trading at $1,565
Regulatory Updates - *US President Donald Trump signs crypto bill*: Nullifying an Internal Revenue Service (IRS) rule that expanded the definition of "broker" to include decentralized finance (DeFi) platforms - *SEC issues guidance on crypto securities disclosures*: Requesting companies to provide detailed information about their business, technology, and token economics¹
Other News - *New York proposes bill to accept crypto payments*: Allowing state agencies to accept cryptocurrencies like Bitcoin, Ethereum, and Litecoin for taxes, fees, and fines - *BlackRock reports digital asset inflows*: $3 billion in net inflows to digital asset products in Q1 2025
Bitcoin Tops $84.5K, Looks to End Downtrend as Trump Exempts Key Tech From Reciprocal Tariffs
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.