PANews reported on April 13 that Santiment published an article stating that Trump's tariff exemption policy over the weekend triggered an instant rise in the cryptocurrency market. Compared with 24 hours ago, the impact of high import costs on the technology industry has been greatly reduced, and Bitcoin has hit a high of $85,900.
Historically, crypto assets like Bitcoin tend to move in tandem with tech stocks, especially when investor sentiment shifts to riskier assets. When tech stocks perform well, investors tend to feel more confident buying cryptocurrencies. Therefore, Trump's tariff exemption policy dispels the dark clouds hanging over the tech industry and indirectly eases the pressure on the crypto market. In fact, just hours after the announcement, Bitcoin rebounded to a weekend high of $85,900, breaking through the resistance level of around $83,000.
Furthermore, the exemption of semiconductors and computer parts can be seen as a long-term benefit to the crypto ecosystem. These components are essential for cryptocurrency mining, blockchain infrastructure building, and AI-based crypto tool development. If the production and supply of these parts remain uninterrupted and affordable, it will ensure that the backbone of the crypto industry - both mining and development - continues to operate. This means that crypto exchanges, wallet providers, and tech startups working on blockchain solutions will be able to operate more smoothly.
While Trump's trade policy remains complex and unpredictable, the targeted exemptions for tech equipment provide clear policy direction in the short term and ease market pressure. Investors are now more confident that inflation in consumer electronics will be avoided and companies will not be forced to raise prices or cut innovation. This by no means means the end of tariff concerns, but it does ease one of the biggest concerns facing the cryptocurrency industry.
We have seen a mild bullish reaction in the cryptocurrency market, and stocks should follow suit on Monday, which will drive Bitcoin and altcoins further up. But after the initial reaction, the market will become more interesting, and the public's "FOMO" sentiment may kill any gains.
