Bitcoin (BTC) continues its upward momentum, crossing the $86,000 milestone as market sentiment improves following a significant shift in the US-China trade dispute. Over the weekend, investors responded positively to the news that the U.S. would offer tariff exemptions on key tech imports, including smartphones and laptops—China’s top exports to the United States.
According to reports, the U.S. Customs and Border Protection released a notice confirming exemptions on several goods previously subject to 125% tariffs under former President Donald Trump’s trade policy. Though uncertainty remains around an additional 20% levy on Chinese smartphones, the easing of major tariffs is seen as a positive sign.
📉 How Tariffs Influence BTC’s Rise
Experts suggest that reduced import costs could lower inflationary pressure in the U.S. economy. In turn, this strengthens the possibility of a rate cut by the Federal Reserve in the upcoming months. A more dovish stance from the Fed often increases appetite for riskier assets like Bitcoin, and this case is no exception.
Santiment, a leading crypto analytics firm, stated:
“Trump’s weekend tariff exemptions triggered an immediate spike in the crypto market. Bitcoin surged as technology imports are now significantly less impacted by costs.”
💸 Bitcoin ETF Outflows – A Temporary Setback?
Before the tariff news, the Bitcoin spot ETF market saw major outflows. iShares Bitcoin Trust (IBIT) reported its largest weekly outflow at $342.6 million. Grayscale and Fidelity funds also saw hundreds of millions withdrawn. However, by April 11, outflows shrank drastically to just $1 million—hinting at possible stabilization and renewed investor interest.
ETF flows are a crucial indicator of institutional trust in Bitcoin, and their movement often correlates strongly with BTC’s price action.
🔍 BTC Price Prediction: What Comes Next?
Analysts are keeping a close watch on four major catalysts:
- Further US-China trade progress
- Federal Reserve interest rate decisions
- Updates on the Bitcoin Act
- ETF inflow resurgence
If these factors align positively, BTC could soon breach the $90,000 mark. A confirmed breakout may even push Bitcoin toward the psychological $100,000 level.
However, a reversal in any of these could pull Bitcoin down to test the $80,000 or even $76,000 levels.
📊 Technical Outlook: BTC and ETH
Bitcoin (BTC):
BTC currently trades just below key 50-day and 200-day EMAs, signaling caution. A breakout above $86,263 resistance could open the door to $90,742, and eventually $100K. On the downside, falling below $85,000 could trigger a retreat to $80,000 support.
Ethereum (ETH):
ETH struggles below major EMAs. It needs to break above $1,750 to start a bullish trend toward $2,000. Below $1,500, ETH risks slipping to $1,386 support.
🔍 Additional Insight
As the crypto market matures, investor sentiment is increasingly influenced by macroeconomic news and regulatory updates. With the U.S. preparing for a heated election cycle, trade policy and fiscal decisions could drastically affect the crypto outlook.
Meanwhile, developments like the Bitcoin Act and increasing institutional adoption through spot ETFs will remain critical to long-term growth.
🚀 Stay Updated with ApxNews & OxBig
For real-time crypto updates, deep-dive analysis, and Bitcoin price alerts, visit ApxNews.in — your trusted source for market intelligence.
Also, follow OxBig News Network for the latest in finance, crypto, and technology.
