Bitcoin rose with a change in tariffs – Cyprus Newspaper
Bitcoin US President Donald Trump rose to the tariffs.
Bitcoin rise and smaller crypto coins made even more profit. This took place after US President Donald Trump surprised the markets with the announcement that he would suspend the so -called mutual tariffs for dozens of retaliation.
Bitcoin, the largest digital asset, rose to $ 82,967 by rising up to 7.7 percent despite the decline in Wednesday. XRP and Solana increased over 11 percent. The second largest crypto currency, Ether, Trump’s announcement on the social media platform moved upwards.
Trump’s sudden policy change means a temporary pause in trade tensions that erase trillions of dollars from global markets and fueled the fears of recession in the USA.
Zaheer Ebtikar, the founder of the crypitic fund called Split Capital, said, « Crazy! » He said: “The management has been extremely determined for the tariffs for the last two weeks. But now the president’s change of mind is that there is a serious flexibility. The market will quickly adapt to this new environment”
