Bitcoin regained momentum Sunday and nudged up by as much as 2.7% following reports that the White House has signaled a more targeted approach to its April 2 tariffs, confirming it would likely omit sector-specific duties while still implementing "reciprocal tariffs" on major trading partners.
On Sunday, the crypto market is up on reports. Bloomberg Then, there is the Wall Street Journal that Trump's administration is narrowing its tariff strategy.
Bitcoin By Sunday night, the stock had risen above $86,700, about twelve hours after these reports were released. This shows resilience following the volatile movements of the previous week that saw a low of $81,200.
Data from CoinGecko show that the alpha cryptocurrency is up 3.3% for the day while the total market capital has increased by 0.7%.
The shift to a targeted tariff approach, rather than a broad-based one, has helped ease concerns over immediate economic disruption.
Previous market fears had centered on Trump's declaration of April 2 as "Liberation Day," when he planned to impose sweeping tariffs across multiple sectors.
Citing Treasury Secretary Scott Bessent's pronouncements last week, the WSJ reported that the administration is looking to have tariffs applied to "about 15% of nations with persistent trade imbalances with the U.S."
The Federal Reserve follows its own guidelines Projections Last week, the Bank of England announced that interest rates would remain unchanged. In the meantime, Consumer Price Index showed a slight increase two weeks ago. The cooling numberInvestors interpret the 2.8% increase in February as an indication of financial ease.
Zach Pandl of Grayscale Research, who is the head of research, said that tariffs will not have a direct impact on Bitcoin or crypto prices in the short term. You can tell them by clicking on the link Decrypt Trump’s trade policies are part of a larger trend, with Bitcoin being "swept up in broader macro uncertainty."
This suggests that "higher policy uncertainty has caused investors to reduce portfolio risk across the board,” Pandl explained.
You can also find out more about the A-Team here. Studying from Bloomberg shows that President Trump's implemented or threatened tariffs have affected at least $1.8 trillion in global trade, imposing 25% duties on worldwide steel and aluminum, 25% on non-compliant USMCA goods, and an additional 10% on Chinese imports.
The proposal also included an additional 25% tax on E.U. The proposal also included an additional 25% on EU goods. Responding to these threats and singling out Trump's crypto initiatives, an ECB official The following are some of the ways to get in touch with each other Sunday last week that financial crises "often originate in the United States and spread to the rest of the world."
Meanwhile, the same study cites Bloomberg Economics forecasting a reduction in U.S. GDP by up to 0.7% while increasing inflation by 0.4%, despite Trump's claims that the tariffs, as economic measures, are designed to curb illegal immigration and address trade imbalances.
Sebastian Sinclair edited the book
