Bitcoin continues to rise on Monday (24), driven by the increasing risk appetite after signs that mutual tariffs may be less aggressive than the market.
Last Friday (21), President Donald Trump indicated that there may be “flexibility” in the planned definitions on April 2, and today said that it could be given “several stops in definitions to various countries.”
At approximately 4 pm (Brazilia time), Bitcoin advanced by 4.07 %, and moved from 88,423.27 USD, while ETHEREUM rose 4.93 % to $ 2,085.07, according to Binance data.
Patrick Monileli of the TickMill Group group says the market is confident that the customs tariff will be more targeted rather than a global approach – which resulted in feeding the appetite of risk.
However, merchants draw attention to caution points, as the authorities from China and Australia are alerted to possible negative effects on global economies due to American commercial policies, according to Monnelli.
Coinshares data indicates a positive reflection on the market, with $ 644 million input last week after five weeks of exits. Bitcoin led the reflection with the inputs of $ 724 million after accumulating $ 5.4 billion in the previous five periods.
In a strategic movement, the strategy announced a new acquisition of 6911 bitcoins for about $ 584 million, or about 84,529 dollars per unit. However, the company now owns 506.173 Bitcoins, with a value of more than $ 44 billion.
In the geopolitical scenario, investors are aware of negotiations between American and Russian actors in the Kingdom of Saudi Arabia, where they are looking for a ceasefire agreement on conflict in Eastern Europe, while tension in the Middle East is still under control.
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