On Saturday, Bitcoin (BTC) rose 1.5% to $84,900 in an effort to halt a three-month decline following the Trump administration’s decision to exempt important tech imports, such as chips and smartphones, from new reciprocal tariffs.
The U.S. Customs and Border Protection’s exemptions are seen as a trade war concession, easing market fears.
Analysts like The Kobeissi Letter suggest bond market pressure may be influencing the shift in policy.
BTC is now testing a breakout above its descending trendline from recent highs, signalling possible bullish momentum.
Major altcoins also surged: Ethereum (ETH), XRP, and Cardano (ADA) each rose by 6%, reflecting growing investor risk appetite.
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