Bitcoin climbed above $81,000 on Wednesday following new statements from President Donald Trump on US tariff policy.
It last traded at $82,804. Before the comments, Bitcoin had cost significantly less than $78,000.
Trump announced a tariff pause for countries that did not take action against the United States’ tariff policy. At the same time, however, he announced an increase in the tariff rate on imports from China to 125 percent.
This could be the starting signal for a recovery rally, wrote expert Timo Emden of Emden Research. Investors should keep in mind, however, that the tariff dispute is still far from over. The market’s motto is likely to continue to be: “Postponed is not cancelled.”
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