tl;dr
Bitcoin traded around $84,000 amid the White House refining its tariff strategy without causing market volatility. White House Press Secretary Karline Leavitt mentioned potential relief for farmers affected by President Trump’s trade war, with cabinet members negotiating with 15 nations on trade dea...
Bitcoin price steadied near $84,000 amid White House tariff adjustments and minimal market volatility.
White House considers relief for farmers affected by Trump's trade war while negotiating trade deals with 15 nations.
Major cryptocurrencies Ethereum and Solana experienced modest declines alongside Bitcoin.
U.S. stock indices showed mixed, mostly flat trading reflecting cautious market sentiment.
Trump's tariff adjustments to 10% for most nations have eased some market concerns but economic impact uncertainties remain.
Economists warn tariffs could raise consumer costs and hinder growth despite cooler-than-expected inflation data.
Analysts suggest tariff effects may balance inflation risks with economic slowdown potential.
Proposal to fund the U.S. Strategic Bitcoin Reserve through tariffs has sparked investor interest.
Bitcoin has not traded above $90,000 for nearly a month following trade policy shifts.
Federal Reserve officials express uncertainty on rate policy amid economic "pause" and tariff-related fog.
Bitcoin traded around $84,000 amid the White House refining its tariff strategy without causing market volatility.
White House Press Secretary Karline Leavitt mentioned potential relief for farmers affected by President Trump’s trade war, with cabinet members negotiating with 15 nations on trade deals.
Bitcoin decreased 0.6% to about $84,300; Ethereum and Solana also saw declines.
Wall Street showed mixed but largely calm trading.
Trump imposed “reciprocal” tariffs on over 180 nations, focusing recently on China, with most levies reduced to 10%, easing market concerns but raising economic growth worries.
Economists caution tariffs may increase consumer costs and hinder growth, with some suggesting inflation impact might be overestimated.
The U.S. Strategic Bitcoin Reserve may be funded by tariffs, as noted by Bo Hines of the Presidential Council of Advisers on Digital Assets.
Bitcoin has not surpassed $90,000 in nearly a month following trade policy shifts.
Investors watch how tariffs might affect Federal Reserve interest rate decisions; Fed Bank of Atlanta President Raphael Bostic described the economy as uncertain and paused.
The price of Bitcoin hovered around $84,000 on Tuesday as the White House fine-tuned its message on tariffs without stoking noticeable market volatility.
During a briefing, White House Press Secretary Karline Leavitt said that “relief is being considered” for farmers strained by U.S. President Donald Trump’s trade war, while members of Trump’s cabinet are currently working with 15 nations to “cut these good trade deals.”
The price of Bitcoin was recently changing hands around $84,300, showing a 0.6% decrease over the past day.
Ethereum dropped 1.8% to $1,600, while Solana fell 1.6% to $128.
Tuesday’s calm mirrored trading on Wall Street where the S&P 500 fell 0.02%, Nasdaq advanced 0.07%, and the Dow sank 0.2%.
Trump targeted more than 180 nations this month when unveiling “reciprocal” tariffs, focusing recently on China.
After Trump dropped stiff levies to 10% for most nations, markets have grown somewhat relieved, yet questions remain about economic effects.
Economists fear tariffs will push up consumer costs while weighing on growth despite a cooler 2.4% Consumer Price Index rise through March.
Analysts at Yardeni Research suggest tariffs may balance inflation risks with growth slowdown potential, possibly offsetting each other.
Within the cryptosphere, investors gained insight on the U.S. Strategic Bitcoin Reserve potentially funded by tariffs.
Bo Hines, executive director of the Presidential Council of Advisers on Digital Assets, noted this funding approach on a podcast.
The Bitcoin reserve rollout stoked excitement earlier this year, but Bitcoin hasn’t traded above $90,000 in nearly a month following trade policy shifts.
Investors keenly watch how tariffs might influence Federal Reserve interest rate decisions, with Fed Atlanta President Raphael Bostic saying “the fog has just gotten really, really thick” and the economy is in a “big pause.”