Bitcoin reclaims $81K amid tariff pause, China still hit with 125% rate
Bitcoin recovered the level of $ 80,000 while the main American stock market indices climbed higher after President Donald Trump announced a temporary break on the administration’s pricing regime for certain countries.
Bitcoin (BTC) exchanged above $ 81,000 on Wednesday afternoon while the NASDAQ index approached a 10%gain because the last announcement of the calm markets of the White House which had been shaken by fears of an prolonged and aggressive trade war.
In an article on his social platform Truth, President Trump said that several countries had contacted trade negotiations, prices and monetary issues. Consequently, he authorized a 90 -day break on new prices and a temporary reduction in the rate of reciprocal rate existing at 10%.
However, the administration increases Chinese prices to 125%, “in force immediately”.
The 5 -year -old treasure yield, which reached more than 4.5%, withdrew to 4.4% after the news.
Trump’s surprise decision occurred after four days of market volatility launched by uncertainty about American trade policy. Earlier this week, shares have seen its worst performance of several days since the great financial crisis when investors have evaluated the possibility of global recession of recession linked to the climbing of prices.
The Treasury Secretary, Scott Bessent, announced that he would take the lead in the upcoming pricing negotiations. Wall Street considers Bessente’s participation as a stabilization factor, promoting his moderate approach to the most beautiful positions of the commercial secretary, Howard Lungick, and the commercial advisor Peter Navarro.
Trump also went to Truth Social Social Wednesday Wednesday to urge investors to “stay calm” and added: “It’s time to buy”.
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