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Apr 15, 2025 10:22 AM - Parth Sanghvi
Image credit: André François McKenzie
Bitcoin edged higher on Tuesday as investors responded to fresh comments from President Donald Trump suggesting a potential pause on auto tariffs. The move added to optimism around softening trade tensions and was further fueled by unconfirmed reports that the U.S. government may use tariff revenues to buy Bitcoin.
Bitcoin (BTC) rose 1.1% to $85,478.1 by 02:23 ET.
The gains came after a quiet Monday session, as sentiment improved on possible relief from 25% auto tariffs.
Trump's remarks hinting at exemptions for vehicle imports from key partners like Mexico and Canada offered a glimmer of hope for global markets. This follows recent tariff rollbacks on electronics, which had already provided some room for relief.
However, not all sectors are in the clear. New tariffs on semiconductors and pharmaceuticals are reportedly still under consideration, keeping investors cautious.
In an unexpected twist, the Trump administration is rumored to be considering purchasing Bitcoin using tariff revenue. This would mark a major policy shift, aligning the U.S. more closely with global trends of using digital assets to hedge against currency devaluation and debt accumulation.
While no official statement has confirmed this move, the speculation alone was enough to stoke bullish sentiment in the crypto market.
Despite selective easing, the U.S.-China trade war remains heated, with:
145% tariffs still active on key Chinese imports
China retaliating with 125% duties on U.S. goods
This uncertain backdrop continues to support the case for decentralized assets like Bitcoin, which are often viewed as hedges against geopolitical and economic instability.
To keep up with the evolving dynamics, especially during policy shifts:
Use the Cryptocurrency Daily API for up-to-date prices and market changes.
Stay informed with the Crypto News API for curated news impacting Bitcoin and the broader digital asset space.
Bitcoin's rise today may seem modest, but the underlying developments—tariff shifts and U.S. reserve rumors—could be the seeds of bigger moves ahead. As the geopolitical narrative unfolds, crypto remains a key barometer of investor sentiment and policy expectations.
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