BTC Tests $85,000 Amid Easing of Electronics Tariffs

Demand for Bitcoin Rises Following 90-Day Suspension of U.S. "Retaliatory" Tariffs

U.S. President Donald Trump has suspended a range of “reciprocal tariffs” on certain technology products, according to a press release from the U.S. Customs and Border Protection. In response, Bitcoin has surged past the $85,000 mark.

The announced change in the tariff regime includes exemptions for computers, smartphones, semiconductors, solar panels, displays, and several types of data storage devices.

Experts view this move as a positive development for American tech companies. Following the news, the Nasdaq Composite index rose by 2% in a single day, while the S&P 500 gained 1.8%.

The cryptocurrency market traditionally shows a correlation with the tech sector, suggesting favorable prospects. After the announcement of the “reciprocal tariffs,” both traditional financial markets and the crypto sector have responded positively to news of any tariff relief.

Bitcoin briefly exceeded $85,500 — a new local high during the period of “tariff suspension.”

Analysts at Selwix agree that the optimistic outlook sparked by Donald Trump's 90-day tariff pause is well-founded. However, they also note that the pace of global and market developments remains intense.

Selwix — Your Gateway to the World of Cryptocurrency!