BTC Surges Past $85,000 Following U.S. Tech Tariff Exemptions

The President of the United States, Donald Trump, has exempted several technology products from «reciprocal tariffs,» as reported in a press release from U.S. Customs and Border Protection. Bitcoin has surpassed the $85,000 mark.

The announced change in tariff regulations includes items such as computers, smartphones, semiconductors, solar panels, displays, and various types of data storage devices.

Experts view this as a positive development for American tech firms.

“Once this is implemented, large-cap companies will gain an edge. […] Bigger companies will grow at the expense of smaller ones,” noted analysts from Kobeissi Letter.

The cryptocurrency market shows a correlation with this sector, indicating favorable prospects. Within ten days of the announcement regarding «reciprocal tariffs,» both traditional finance and the crypto market reacted positively to news about their easing.

In light of these developments, the Nasdaq Composite index increased by 2% in one day, while the S&P 500 rose by 1.8%.

At one point, the price of Bitcoin exceeded $85,500—a local peak during the period of the «liberation» tariffs.

As of this writing, the price stands at approximately $84,700.

It is worth noting that analysts at 10x Research have described the optimistic expectations surrounding the 90-day tariff pause as «premature.»