The White House to expand the scope of customs tariffs, bitcoin gains on raised economic tensions

Bitcoin recovered the momentum on Sunday and raised up to 2.7 % after reports that the White House referred to a more targeted approach to the April 2 tariff, which confirms that it is possible that it will delete private sector duties with the “treatment tariff treatment” on the main commercial partners.

The encryption market witnessed the highest gains amid reports on Sunday afternoon Bloomberg and Wall Street Journal The Trump administration narrows the tariff strategy.

Bitcoin It was circulated above 86,700 dollars by midnight on Sunday, about twelve hours after the above reports appeared, which show flexibility after volatile fluctuations during the past week, which witnessed a decrease of $ 8,1200.

Alpha Crypto has increased by 3.3 % a day, while the rest of the market may follow 0.7 % in the total maximum market, and data from Coingecko appears.

This transformation from the implementation of the broader tariff to a more targeted approach has reduced concerns about immediate economic turmoil.

The previous market fears focused on Trump’s announcement on April 2, “Liberation Day”, when he planned to impose a comprehensive tariff across multiple sectors.

Quoted from the statements of Treasury Scott Beesen last week, WSJ stated that the administration is looking to apply a tariff to “about 15 % of nations with continuous trade imbalances with the United States.”

Federal reserve follows Expectations Last week, interest rates will bear constant. Meanwhile, two weeks ago, the consumer price index saw Cooling numbersOn the occasion of 2.8 % of February, which some investors are explained as signs of mitigating financial conditions.

While the definitions do not directly affect bitcoin and the large -range encryption prices in the short term, Zach Pandl, the head of gray research, formerly. He said Decipher Trump’s commercial policies are part of a larger direction, as Bitcoin was washed away in a state of wider incurable.

This indicates that “uncertainty in the higher policy may cause investors to reduce the risk of wallets in all fields,” Bandel explained.

A Ticket From Bloomberg, he explains that the definitions that were implemented or threatened with President Trump have affected at least $ 1.8 trillion in world trade, imposing 25 % of steel and aluminum fees around the world, 25 % on non -compatible USMCA commodities, and an additional 10 % on Chinese imports.

An additional 25 % tariff was suggested to the goods in the European Union. In response to these threats and sorting Trump encryption initiatives, European Central Bank official He said Last Sunday, last week, financial crises “often arise in the United States and spread to the rest of the world.”

Meanwhile, the same study indicates that Bloomberg’s economies predict the reduction of GDP in the United States by up to 0.7 % with 0.4 % increase in inflation, although Trump’s allegations that definitions, such as economic measures, are designed to reduce illegal immigration and address commercial imbalances.

Edit Sebastian Senkler