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Bitcoin (BTC) has seen a noticeable increase, gained 3 % in the past 24 hours, climbing from $ 84,000 to 88,600 dollars, after reports that the upcoming US tariffs on the main commercial partners would be less severe than expected at first.
but, altcoins Like Solana (SOL), Dogoin (DOGE) and Cardano (ADA), it outperformed the performance of Bitcoin in the 24 -hour time frame, as it is the best winners in the list of the ten major cryptocurrencies.
Bitcoin and Top Altcoins
It is scheduled To announce on April 2, the President Donald Trump He had previously indicated that he would impose a mutual tariff and a sectors on countries, including Canada, China and Mexico.
However, unknown sources inside the White House, as reported by Bloomberg Wall Street Journal, suggested that the president may choose a narrower approach, with a focus only on mutual definitions.
According to Volatility In both cryptocurrency and stock markets.
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Dan Jarir, CEO of Defi App, a decentralized financing platform, pointed to the link between the increase in prices in the last Bitcoin and the news of the tariff amendments. “This increase in the Bitcoin price coincides with reports that the Trump administration is considering narrowing the scope of effective definitions on April 2,” he said.
The positive feelings surrounding the bitcoin extended to the wider encrypted currency market, with almost all ten in the encrypted currencies Market value It suffers from gains on Monday.
ETHEREUM increased by 4 %, XRP by 2 %, Solana, DOGE and Cardano Package with an increase of 8 %, 7.8 % and 4.5 %, respectively. The stock market reflects this optimism, with the increase in NASDAC and S&P 500 indicators by 2 % over the past 24 hours.
Expert visions about the last BTC fluctuations
Jarir highlighted that this development has reduced some of the uncertainty in the market, which led to an increase in investor confidence in each of the cryptocurrencies and stocks.
The encryption sector, which has faced mixed reactions since Trump took office, was fighting with the repercussions of the volatile tariff policies. These policies presented a great degree of Economic uncertaintyThis prompted many investors to retract the most dangerous assets.
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The expected definitions – expected to raise the prices of foreign goods – can lead to inflation, which increases the complexity of the economic scene. Bitcoin, whose highest level ever reached $ 109,000 in January, a decrease, decreased to $ 78,000 earlier this month, amid fears that aggressive economic policies could lead to recession.
Colin Closer, director of investor relations at Crypto Wallet Exodus, expressed his understanding of The reaction of the encryption market Trump policies. “I expect the markets to appear feelings and fluctuations during times of change and stress in the United States, and you can see that the fluctuations in Bitcoin this morning,” said.
Since the height, Bitcoin has seen a little withdrawal towards the level of 86,930 dollars, with the most prominent support bottom between $ 83,000 and $ 84,000.
Distinctive image from Dall-E, Chart from TradingView.com
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