President Donald Trump's announcement of substantial tariff relief on goods from China has significantly influenced the cryptocurrency market, particularly Bitcoin, which rapidly increased in price.
Impact of Trump's Announcement on Bitcoin Market
On April 22, 2025, Donald Trump announced a substantial reduction of tariffs on Chinese goods, directly affecting Bitcoin's price surge. Prior to this announcement, Bitcoin was trading at $76,000, which quickly rose to $87,000-$88,000 following the statement regarding substantial tariff cuts.
Economic Factors and Market Sentiments
Trump's announcement also sparked market optimism, driven by potential improvements in the economy and increased institutional interest in digital assets. The President indicated intentions to influence monetary policy towards achieving 'lower interest rates' to enhance economic conditions.
Forecasts and Expectations for Bitcoin
Experts predict that Bitcoin could reach price levels as high as $180,000 by year-end, fueled by improved conditions for institutional flows. The market sentiment indicates a return to growth-oriented assets, with Bitcoin being perceived as a potential hedge against economic uncertainty.
Thus, decisive actions in tariff policy generate significant market shifts, and Bitcoin as an asset demonstrates its responsiveness to economic changes.
