Bitcoin recovered to $ 85,000 in a flash

The price of bitcoin BTC $85,771.36 Bitcoin 1.46% Market capitalization $1.7 trillion VOL. 24 hours $1.99 billion temporarily exceeded USD 85,500 after the US administration announced the abolition of duties on a number of technology products. This move had a positive impact on investor sentiment in both the cryptocurrency and stock sectors, leading to an increase in the value of risky assets.

on April 12, US President Donald Trump announced the temporary abolition of reciprocal tariffs on imports of chips, computers, smartphones, displays, solar panels, and storage devices. This decision was seen as a step in support of large technology corporations, which can now reduce the cost of manufacturing and importing components.

Stock markets reacted with growth: the Nasdaq Composite index rose by 2% and the S&P 500 by 1.8%. The digital asset market followed suit. Bitcoin tested the $ 85,500 mark, but later the price rolled back a bit to around $ 84,700.

Analysts note that the announcement of a 90-day pause in tariff policy has created an optimistic mood among traders. At the same time, there are warnings about the possible FOMO effect — the fear of losing potential profits — which could lead to an overheated market and further correction.

Some experts emphasize that the market’s reaction may be overly emotional. Expectations of further easing in trade policy may not be realized, and any new statements from the US will have a significant impact on the value of assets, especially such volatile ones as bitcoin.