Tariff Concessions Spark BTC Surge: Is the Trade War Cooling?

Tariff Concessions Spark BTC Surge: Experts Say More Upside Ahead

In an attempt to end a three-month downward trend, Bitcoin (BTC) increased more than 1.51% to $84,699 on Sunday. The price hike came after the Trump administration released new reciprocal tariff recommendations that included exemptions for computers, processors, smartphones, and other gadgets. U.S. Customs and Border Protection released these exclusions, which include goods subject to President Donald Trump’s base 10% global charge and his 125% China duty.

The US imports over $60 BILLION of smartphones per year. These exemptions cover some of the most crucial imports in another sign of the U.S. conceding in the trade war. After all, the bond market is forcing Trump to concede,

The Kobeissi Letter

Disinflation Hopes Rise as Bitcoin Charts Recovery From Historic Sell-Off

By enacting import levies that were more than 100% greater than one another, the U.S. and China escalated trade tensions this week. Nevertheless, some financial market segments have priced in disinflation in the US, suggesting that the Fed may soon have more leeway to cut interest rates despite the general concerns about inflation.

A dramatic sell-off from record highs above $109K is depicted in the accompanying chart, where Bitcoin is trying to rise above the descending trendline. With the so-called trendline breakout, the market may attract more chart-driven buyers. Price gains on Wall Street on Monday are possible given this encouraging trend in the cryptocurrency market, which started trading over the weekend.

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