Bitcoin saw a notable increase of over 2%, reaching around $85,478, benefiting from U.S. President Donald Trump’s statements about the possibility of suspending tariffs on foreign car imports. These signals were seen as an indication of easing trade pressures, which gave the markets a cautious boost amid ongoing tensions between Washington and Beijing.
Despite some tariff exemptions, the U.S. administration is still considering imposing new tariffs on sensitive imports like semiconductors and pharmaceuticals, leaving markets in a state of anticipation. On the other hand, China has not softened its stance, with some U.S. goods still facing tariffs up to 125%. This situation creates uncertainty in trade policies, making market movements susceptible to fluctuations.
Media sources reported that the Trump administration may invest part of the tariff revenues in purchasing Bitcoin as part of building a strategic digital reserve to reduce reliance on public debt. Although this has not been officially confirmed, it has increased investor confidence in Bitcoin.
Meanwhile, alternative cryptocurrencies showed mixed performance, with Ethereum and XRP rising slightly, while coins like Solana and Dogecoin saw declines, reflecting varied investor confidence in different digital asset classes.
Additionally, Michael Saylor’s Strategy company increased its Bitcoin holdings by purchasing 3,459 units worth $285.8 million, bringing its total holdings to over 530,000 Bitcoin, representing 2.5% of the global supply. This move confirms the company’s long-term accumulation strategy for the digital currency, at a time when market indicators suggest the potential for an upward market wave.
