Bitcoin Rises on Relief Over Trump's Tariff Plans — Market Talk

Bitcoin rises modestly as President Trump's more gradual approach to proposed tariffs provides some respite to risky assets. Trump signed a memo instructing staff to assess retaliatory tariffs on a country by country basis with a plan expected to be released in April. "Investors are expressing relief as Trump's proposed reciprocal tariffs signal a potential opening for negotiations," Tickmill Group's Patrick Munnelly says in a note. Bitcoin is "riding a wave of positivity" with speculators holding a net long position of 786 contracts that bet on the cryptocurrency rising. Bitcoin rises 0.4% to $96,919, according to LSEG. ([email protected])