Trump Lifts Tariffs

Trump Lifts Tariffs

#Bitcoin #Zooms #120K #ETH #Nears #Trumps #Tariff #Deal #Lifts #Risk #Sentiment #OrxCash

Trump Lifts Tariffs: Crypto Markets React with Optimism

The week kicked off on a high note as U.S. President Donald Trump confirmed a tariff deal with the European Union, scaling levies down to 15% from the previously threatened 30%. This announcement sent S&P 500 futures up 0.3%, Dow contracts higher by 180 points, and Bitcoin (BTC) to nearly $120,000 for the first time in nearly two weeks — just under 5% shy of its all-time high.

Market Analysis: Reduced Uncertainty Boosts Crypto

Bitcoin (BTC), which had spent the past week trading between $114,000 and $119,000, neared the $120,000 barrier as traders interpreted Trump’s tariff rollback as a signal of reduced macro uncertainty. According to some sources, the news about Trump lifting tariffs has been well-received by investors, who see this move as a positive step towards reducing trade tensions.

Key Players Weigh In

Nassar Al Achkar, Chief Strategy Officer at CoinW, noted that "Bitcoin (BTC) maintained a resilient range and rebounded to $119k after old wallets with tens of thousands of BTC began transferring funds to exchanges, which led some traders to fear a market correction.” He added that "numerous institutions continue to onboard into the blockchain industry and utilize reserve strategies, showcasing strong demand against recent surges of stock prices.”

Altcoins and Market Trends

Ethereum (ETH) rose 3.7% in 24 hours to $3,932, with momentum building ahead of the $4,000 mark in its highest price range since December. Interest in the asset has increased in the past few weeks as listed companies, such as SharpLink, set out to build ETH treasuries. Other notable gainers include XRP (XRP), which gained 2% to $3.30, and BNB (BNB), which led large-cap gains with a 6.3% increase.

Broader Market Implications

The recent price movements in the crypto market, particularly the surge in Bitcoin (BTC) and Ethereum (ETH), may indicate a shift in investor sentiment towards riskier assets. As the global economy continues to navigate trade tensions and monetary policy changes, retail investors may be looking to Solana (SOL) and Cardano (ADA) as alternative investment opportunities. The upcoming Fed meeting and tariff negotiations will be crucial in determining the next direction for the crypto market, and investors should be prepared for a potentially volatile week ahead.

Key Takeaways

  • Bitcoin (BTC) nears $120,000 as Trump lifts tariffs
  • Ethereum (ETH) rises 3.7% to $3,932
  • XRP (XRP) gains 2% to $3.30
  • BNB (BNB) leads large-cap gains with a 6.3% increase
  • Retail investors may be looking to alternative investment opportunities in the crypto market.

Markets,Markets,Trading,Bitcoin,Ether,News
While we strive for accuracy, always double-check details and use your best judgment.
image source: www.coindesk.com