Today’s encryption prices: Bitcoin is more than $ 85,000, given

Bitcoin and Ethereum rose on Tuesday after US President Donald Trump announced exemptions for some electronics from the “mutual” sharp tariff and raising market morale.

Trump said on Monday that he is considering adjusting the tariffs by 25 % on imports of auto parts and cars from Mexico, Canada and other countries. This step followed a previously exemption for smartphones, computers and other electronics. However, his administration has also climbed investigations into semiconductor imports, as Trump refers to tariff decisions within a week.

As of 11:14 am, Bitcoin was trading at $ 85,804, an increase of 1.7 % over the past 24 hours, while ETHEREUM gained 1.3 % to $ 1,645. Global Coding market capitalization 0.51 % rose to $ 2.7 trillion.

“Bitcoin hovered about $ 85,000, where investors are waiting for a new incentive. The total conditions are supportive, with the decrease in American treasury revenues and a weaker dollar, which reduces the attractiveness of fixed -income assets, pushing more flow to risk assets like BTC.”He added that the institutional interest is still firm, citing the recent purchase of the 3859 BTC strategy, at a value of $ 285.8 million. “BTC needs to exceed the resistance of $ 86,000 for continuous momentum, supported by $ 83,000,” he pointed out.

Vikram Subburaj, CEO of Giottus, said Bitcoin continues to trade in a narrow range and holds the level of $ 85,000. “The institutional activity is strong, with the strategy and the purchase of bitcoin with a value of $ 285 million and 26 million dollars, respectively. This is supported by a 15 % weekly jump in trading sizes, according to the encryption vehicle,” he said. “With the increase in institutional participation, Bitcoin rose about $ 88,000.” Between Altcoins, BNB, XRP, Toncoin and Litecoin rising to 3 %, while Solana, Tron, Dogecoin, Cardano, SUI and Shiba Inu fell to 62.9. The daily trading volume decreased 3.3 % to 29.37 billion dollars. Stablecoin 93 % of the total coding trading volume constituted to $ 73 billion, according to Coinmarketca.

Also read: Peter Chef says Bitcoin was born from the 2008 financial crisis, and will die in the 2025 crisis.

Technical view by Sathvik Vishwanath, co -founder and CEO, UNOCOIN

The market is still optimistic with caution. RSI approaches Bitcoin’s 63, and the prices exceed the averages for 50 days and 200 days-the bi-ups of the teacher. Whales continue to accumulate during the declines, while retail merchants remain hesitant amid Macro’s wider fears.

“Fear and greed index in 31 still refers to fear, and it is often a contradictory sign of opportunity,” Fishwans said. “The collapse of more than $ 85,500 can push bitcoin to a mark of $ 90,000. Getting more than $ 84,000 in the short term is extremely important as the institutional interest is still the next half in the market support.”

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