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Bitcoin Tops $84.5K as U.S. Tariff Exemptions Boost Market Sentiment

Published on
12 Apr, 2025 | 21:52
Image: AI-generated for bitcoin24.com

As of April 12, 2025, Bitcoin has risen over 1.5% to around $84,900, attempting to break a multi-month downtrend. The rally follows the Trump administration’s announcement of tariff exemptions on key tech imports, a move seen by analysts as easing trade tensions with China.

According to U.S. Customs and Border Protection, smartphones, computer components, semiconductors, and other electronics are excluded from the 125% tariff on Chinese imports, as well as from a baseline 10% global levy. This decision is viewed as strategic, aimed at shielding U.S. tech sectors from inflationary pressures.

The broader crypto market responded positively. Major coins such as Ethereum (ETH), Ripple (XRP), and Cardano (ADA) also recorded gains, suggesting renewed investor confidence across the board.

Analysts believe the move underscores the increasingly close relationship between macroeconomic policy and digital assets. As U.S. trade policy evolves, Bitcoin and its peers are proving highly sensitive to these geopolitical and fiscal shifts.

For more real-time updates, visit bitcoin24.com.

Live Bitcoin price illustration with upward chart and Bitcoin logo – bitcoin24.com
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Source: CoinGecko