Bitcoin (BTC) increased more than 1.5% to $ 84,900 on Saturday, seeking to break a three -month bearish trend after the Trump administration issued a new orientation on reciprocal rates, listing several exemptions such as smartphones, computers, chips and other electronic.
These exclusions published by Customs and Border Protection of the United States exclude the listed products of 125% of the China’s rate of President Donald Trump and his global baseline of 10% baseline.
“The United States imports more than $ 60 billion of smartphones per year. These exemptions cover some of the most crucial imports in another sign that the United States grants in the commercial war. After all, the bond market is forcing Trump to admit,” said Kobeissi’s letter in X.
The United States and China increased commercial tensions this week, imposing import tariffs greater than 100% from each other. Even so, some sections of the financial market have a deflation price in the US. UU. Against popular inflation fears to suggest that the Federal Reserve could have a margin to reduce interest rates.
The table shows that BTC is looking to establish a support point above the descending trend line that characterizes the pronounced liquidation of maximum records greater than $ 109K. The so -called trend line could attract more buyers driven by graphics to the market.
Meanwhile, the main alternative cryptocurrencies such as ETH, XRP and ADA increased by 6% in the day, indicating a higher risk take trend in the broader cryptography market. The accumulated market capitalization of the two best stable, USDT and USDC, remained stable above $ 200 billion, barely shy in records.
This positive impulse in the encryption market, open to operate during the weekend, suggests that the price gain potential on Wall Street on Monday.
