Santiment: The tariff exemption policy triggers a positive response in the crypto market, with Bitcoin breaking through the $83,000 resistance level

PANews reported on April 13 that Santiment stated Trump's weekend tariff exemption policy triggered a momentary surge in the cryptocurrency market. Compared to 24 hours ago, the impact of high import costs on the tech industry has significantly weakened, and Bitcoin has reached a high of $85,900.

Historically, crypto assets like Bitcoin usually trend with tech stocks, especially when investor sentiment turns towards higher-risk assets. When tech stocks perform well, investors often have more confidence in buying cryptocurrencies. Therefore, Trump's tariff exemption policy dispelled the clouds hanging over the tech industry and indirectly relieved pressure on the crypto market. In fact, just a few hours after the news was announced, Bitcoin rebounded to its weekend high of $85,900 and broke through resistance around $83k.

In addition, exemptions for semiconductors and computer parts can be seen as long-term benefits for the crypto ecosystem. These components are crucial for cryptocurrency mining, blockchain infrastructure construction and AI-based crypto tool development. If production and supply of these parts remain uninterrupted at reasonable prices it ensures pillars of crypto industry - whether mining or development - continue running smoothly which means exchanges wallet providers & startups dedicated to blockchain solutions will operate more smoothly.

Although Trump's trade policies remain complex & unpredictable targeted exemptions for technology equipment provide clear short term policy direction relieving market pressure Investors now have more confidence inflation in consumer electronics will be avoided companies won't be forced to raise prices or cut innovation This doesn't mean end of tariff worries but it does alleviate one major concern facing cryptocurrency sector

We've already seen mild bullish reaction from cryptocurrency markets stock markets should also rise Monday pushing bitcoin altcoins further up But after initial response things get interesting public "FOMO" could kill any upward momentum