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Bitcoin rises towards 86k amid Trump tariff exemptions – Will BTC break out?
BTC has risen 15% from its 74.4k low last week.
Trump considers more trade tariff exemptions.
Easing trade war worries pull US treasury yields lower, lifting risk assets.
Bitcoin ETFs see continued outflows but whales & LTH accumulate.
BTC is attempting to break out from its falling trendline.
Bitcoin is rising for a second straight day, gaining over 1.5% across the past 24 hours, as it extends its recovery from 74.4k, the 5-month low hit last week.
The largest cryptocurrency could rise towards 90k should treasury yields continue to fall as investors weigh up the latest Trump tariff developments.
Yesterday, President Trump indicated that he's considering temporary exemptions on vehicle import tariffs, bringing some relief to key trade partners such as Mexico, Canada, and Europe. His comments came as the administration had already rolled back some other planned tariffs, including exclusions for electronics like smartphones and laptops, most of which are imported from China.
#BTC