Bitcoin (BTC) climbed 1.5% to $84,900 on Saturday, attempting to end a three-month downtrend after the Trump administration excluded key tech imports — including smartphones and chips — from new reciprocal tariffs.
The U.S. Customs and Border Protection’s exemptions are seen as a trade war concession, easing market fears.
Analysts like The Kobeissi Letter suggest bond market pressure may be influencing the shift in policy.
BTC is now testing a breakout above its descending trendline from recent highs, signaling possible bullish momentum.
Major altcoins also surged: Ethereum (ETH), XRP, and Cardano (ADA) each rose by 6%, reflecting growing investor risk appetite.
The post Bitcoin hits $84.9k as tariff exemptions spark crypto rise appeared first on Vanguard News.
