BTC Surges Past $85,000 Amid Decrease in Semiconductor Tariffs

President Donald Trump has exempted several technology products from the «reciprocal tariffs,» according to a press release from the U.S. Customs and Border Protection. Bitcoin has surpassed the $85,000 mark.

The announced changes to the tariff regime include 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 be at an advantage. […] The bigger will grow larger at the expense of the smaller,» commented analysts from Kobeissi Letter.

The cryptocurrency market shows a correlation with this sector, suggesting optimistic prospects. In the 10 days following the announcement of the «reciprocal tariffs,» both traditional finance and the crypto market responded positively to news of their easing.

In light of this news, the Nasdaq Composite index increased by 2% in a single day, while the S&P 500 saw a rise of 1.8%.

The price of Bitcoin briefly exceeded $85,500, reaching a local peak during the timeframe of the «exemption tariffs.»

At the time of writing, the rate stands at approximately $84,700.

It’s worth mentioning that experts from 10x Research have characterized the positive expectations surrounding the 90-day tariff pause as «premature.»