Bitcoin Rises on Hopes For Less Stringent U.S. Tariffs — Market Talk

Bitcoin rises as risk appetite is boosted by hopes that President Trump's plans for reciprocal tariffs will be less aggressive than feared. Trump on Friday hinted that there could be some "flexibility" in tariffs planned for most U.S. trading partners on April 2. Market sentiment is also supported by reports these measures will be more targeted as opposed to the sweeping, global approach Trump had initially indicated, Tickmill Group's Patrick Munnelly says in a note. "However, traders remain wary, with officials from China and Australia warning of potential ripple effects on the global economy stemming from U.S. trade policies." Bitcoin rises 2.6% to $87,416, according to LSEG. ([email protected])