"Crypto Morning: White House to Reduce Tariffs and Bitcoin Rises Strongly with Easing Economic Concerns"
Bitcoin regained strength after reports that the White House signaled a more targeted approach to the tariffs set for April 2.
Bitcoin (BTC) regained strength on Sunday and rose after reports that the White House signaled a more targeted approach to the tariffs announced for April 2, confirming that it will likely exclude specific sector tariffs but will still implement "reciprocal tariffs" on key trading partners.
The crypto market showed greater gains following reports from Bloomberg and the Wall Street Journal on Sunday afternoon, indicating that the Trump administration is refining its tariff strategy.
This shift from a broader tariff implementation to a more selective approach helped alleviate concerns about a possible immediate economic disruption.
Previously, market fears revolved around Trump's statement that April 2 would be "Liberation Day," when he planned to impose widespread tariffs on various sectors.
Citing statements from Treasury Secretary Scott Bessent made last week, the WSJ reported that the government intends to apply tariffs to about "15% of nations with persistent trade imbalances with the U.S."
This comes after projections from the Federal Reserve last week, which indicated the maintenance of interest rates. Two weeks earlier, the Consumer Price Index showed a slowdown, marking 2.8% in February — a signal that some investors interpret as easing financial conditions.
Although tariffs do not directly affect Bitcoin or crypto market prices in the short term, Zach Pandl, head of research at Grayscale, previously stated to Decrypt that Trump's trade policies are part of a broader trend, with Bitcoin being "involved in macroeconomic uncertainty."
$BTC $XRP $SOL
Bitcoin regained strength after reports that the White House signaled a more targeted approach to the tariffs set for April 2.
Bitcoin (BTC) regained strength on Sunday and rose after reports that the White House signaled a more targeted approach to the tariffs announced for April 2, confirming that it will likely exclude specific sector tariffs but will still implement "reciprocal tariffs" on key trading partners.
The crypto market showed greater gains following reports from Bloomberg and the Wall Street Journal on Sunday afternoon, indicating that the Trump administration is refining its tariff strategy.
This shift from a broader tariff implementation to a more selective approach helped alleviate concerns about a possible immediate economic disruption.
Previously, market fears revolved around Trump's statement that April 2 would be "Liberation Day," when he planned to impose widespread tariffs on various sectors.
Citing statements from Treasury Secretary Scott Bessent made last week, the WSJ reported that the government intends to apply tariffs to about "15% of nations with persistent trade imbalances with the U.S."
This comes after projections from the Federal Reserve last week, which indicated the maintenance of interest rates. Two weeks earlier, the Consumer Price Index showed a slowdown, marking 2.8% in February — a signal that some investors interpret as easing financial conditions.
Although tariffs do not directly affect Bitcoin or crypto market prices in the short term, Zach Pandl, head of research at Grayscale, previously stated to Decrypt that Trump's trade policies are part of a broader trend, with Bitcoin being "involved in macroeconomic uncertainty."
$BTC $XRP $SOL
