In response to reports that former President Donald Trump might impose fewer tariffs than anticipated, Bitcoin has seen a 3% price surge. The digital asset, known for its volatility, reacted swiftly to this news on March 24, 2025.
The softer stance on tariffs potentially eases market tensions, leading to positive movements in cryptocurrencies. Bitcoin’s price increased to approximately $88,041, highlighting market sentiment driven by geopolitical news and financial policy shifts.
Bitcoin Climbs 3% on Trump’s Tariff News
The recent reports indicated that Trump would impose fewer tariffs than initially planned. Bitcoin reacted promptly, with its value increasing by 3% within 24 hours. This is not the first instance of Bitcoin responding to geopolitical news.
The tariff news involved Trump, whose policies have historically influenced financial markets. This announcement hinted at less aggressive trade measures, prompting a positive reaction in the cryptocurrency market.
Market Cap Reaches $1.75 Trillion
According to CoinMarketCap, Bitcoin’s price reached $88,041 with a market cap of $1.75 trillion. Trading volume soared by 156.95% in 24 hours, reflecting heightened activity. Bitcoin holds a 60.80% dominance in the crypto market, revealing its commanding position. Data: CoinMarketCap.
Market reactions suggest possible easing of trade tensions, potentially impacting broader economic policies. Historical trends indicate that cryptocurrency prices often respond to such geopolitical developments. Analysts suggest observing potential financial and regulatory shifts.
“The price is more likely to hit $110k than $76.5k next. If we hit $110k, then it’s yachtzee time, and we ain’t looking back until $250k.” — Arthur Hayes, Co-founder, BitMEX
Past Trends: Bitcoin Influenced by Global Policies
Bitcoin’s price increases often correlate with global financial changes. Past events have shown similar patterns during trade discussions, such as in 2019 with U.S.-China tariff negotiations. These drivers frequently spur short-term volatility in digital assets.
Kanalcoin analysts comment that Bitcoin’s sensitivity to economic policies remains critical. As influencers like Trump express fiscal intentions, volatility in cryptocurrency markets may present both opportunities and risks. Observers anticipate further developments in this space.
