According to ChainCatcher, Santiment reported that Trump's weekend tariff exemption policy triggered an instant surge in the cryptocurrency market. Compared to 24 hours ago, the technology industry's impact from high import costs has significantly weakened, and Bitcoin has reached a high of $85,900.
Historically, crypto assets like Bitcoin typically move in line with tech stocks, especially when investor sentiment shifts towards higher-risk assets. When tech stocks perform well, investors are often more confident in purchasing cryptocurrencies. Therefore, Trump's tariff exemption policy dispersed the clouds hanging over the tech industry, indirectly alleviating pressure on the crypto market. In fact, within just a few hours of the announcement, Bitcoin rebounded to its weekend high of $85,900, breaking through the resistance level around $83,000.
