U.S. Tech Tariff Exemptions Spark Crypto Surge

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Bitget Academy2025/04/14 06:00

By:Bitget Academy

Bitcoin climbed to $84,900, gaining over 1.5% as it tries to reverse a downward trend lasting three months. This price jump followed the U.S. government's decision to exclude key tech products—like smartphones, chips, and computers—from new tariffs under former President Trump’s trade rules. These exemptions signal that the U.S. might be easing its stance in the ongoing trade war with China. Experts believe pressure from the bond market is pushing the U.S. to back down.

At the same time, other major cryptocurrencies like Ethereum (ETH), Ripple (XRP), and Cardano (ADA) rose sharply—by around 6%. This shows growing confidence among investors and a willingness to take more risks. Bitcoin’s recent price chart shows it might be breaking out of a steep decline, which could encourage more investors to buy in.

The broader crypto market is showing strong momentum. Stablecoins like USDT and USDC still hold a combined value of over $200 billion, near record levels. If this trend continues, it might lead to more gains when U.S. stock markets open on Monday.

Source: CoinDesk

Futures Market Updates

In the past 24 hours, both BTC and ETH futures saw a notable rise in trading volume, BTC up 16.27% and ETH up 18.38%, indicating increased market activity. However, BTC futures experienced a sharper drop in open interest (-3.04%) compared to ETH's smaller decline (-0.77%), suggesting a greater unwinding of positions in BTC. Liquidations were higher in long positions compared to short positions for both BTC and ETH. Both assets showed nearly even long/short ratios and positive but modest funding rates, implying balanced trader sentiment and slightly bullish positioning.

BTC Futures Updates

Total BTC Open Interest: $56.81B (-3.04%)

BTC Volume (24H): $124.58B (+16.27%)

BTC Liquidations (24H): $52.21M (Long)/$36.52M (Short)

Long/Short Ratio: 50.68%/49.32%

Funding Rate: 0.0070%

ETH Futures Updates

Total ETH Open Interest: $17.89B (-0.77%)

ETH Volume (24H): $46.04B (+18.38%)

ETH Liquidations (24H): $35.69M (Long)/$24.39M (Short)

Long/Short Ratio: 50.55%/49.45%

Funding Rate: 0.0064%

Top 3 OI Surges

GODS: $12.58M (+1267.93%)

A8: $2.67M (+116.84%)

COW: $26.62M (+109.77%)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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