Crypto prices today: Bitcoin rises above $85,000 as tariff relief lifts sentiment
Bitcoin and Ethereum edged higher on Tuesday after US President Donald Trump announced exemptions for certain electronics from steep “reciprocal” tariffs, lifting market sentiment.
Trump said on Monday he was considering modifying the 25% tariffs on auto and auto parts imports from Mexico, Canada, and other countries. The move followed an earlier exemption for smartphones, computers, and other electronics. However, his administration has also stepped up probes into semiconductor imports, with Trump indicating tariff decisions would be announced within a week.
As of 11:14 AM IST, Bitcoin was trading at $85,804, up 1.7% in the past 24 hours, while Ethereum gained 1.3% to $1,645. The global cryptocurrency market capitalization rose 0.51%…
