Bitcoin Surges Past $84,000 as Tariff Policies Shift Market Sentiment

Bitcoin $104,938 has made a strong start to the new week, trading above the $84,000 mark following the opening of the East Asian markets. Recent announcements from the U.S. regarding tariff policies on semiconductor products are significantly impacting both the technology sector and the cryptocurrency market. Trade uncertainties and government actions are at the forefront of investors’ concerns, particularly the ongoing semiconductor tensions between the U.S. and China, which have become defining factors in global markets.

U.S. Tariff Exemption: Market Responds Positively

The announcement by U.S. Deputy Secretary of Commerce Howard Lutnick that smartphones, computers, and related semiconductor components would be temporarily exempted from tariff coverage eased market tensions. This move aims to prevent potential price increases in the consumer electronics sector, leading to slight recoveries in technology stocks and related futures contracts.

Although U.S. President Donald Trump indicated that new tariff rates would be announced next week, he emphasized that there would be flexibility in certain areas. This has fostered optimism in the markets that a tariff-induced shock will not occur in the short term. According to BTSE COO Jeff Mei, the tariff exemption has been effective in the market recovery, prompting investors to reposition themselves.

China’s Countermove: Supply Chain Tensions Heighten

In response, China announced a new 34% tariff on U.S.-origin semiconductors. Notably, this tariff will be determined based on the production center rather than the country of manufacture, directly targeting companies that produce in the U.S. This strategy by China could prompt a restructuring process within the global supply chain.

Taiwanese semiconductor giant TSMC’s acceleration of investment plans for its new facility in Arizona is seen as an effort to enhance supply security amidst uncertainty. As investors and market players in China await final tariff details, slight increases have been observed in the Shanghai and Shenzhen stock exchanges, while the Hong Kong market registered stronger gains.

Impact on the Cryptocurrency Market

Bitcoin’s ability to hold above $84,000 is supported by overall market dynamics and investor confidence. The U.S.’s more flexible tariff policy on technology products has increased risk appetite among investors. Additionally, the shift of Hong Kong-based Ether investment funds toward staking services is creating new opportunities for major cryptocurrencies like Ethereum $2,399.

Fluctuations in tariff policies are shaping not only the technology and semiconductor sectors but also the cryptocurrency market. Investors are revising their positions based on regulatory signals, suggesting that the intersection of global economic strategies and technological investments will remain a key focus for markets in the coming days.