Bitcoin Rises on Relief Tariffs Won't Take Effect Immediately — Market Talk
Bitcoin edges higher after U.S. officials said higher reciprocal tariffs wouldn't take effect immediately if trade deals aren't reached by Wednesday's deadline. Treasury Secretary Scott Bessent said Sunday that tariffs would on August 1 revert back to levels announced in April for countries that fail to reach a trade deal. President Trump said on his Truth Social platform that "tariff letters and/or deals" will be delivered starting Monday. Markets are pricing in a scenario by which tariffs do not get hiked back to April levels, Capital.com analyst Kyle Rodda says in a note. Bitcoin rises 0.3% to $109,069, according to LSEG. ([email protected])