The Bitcoin stock exchange fonts (ETF) pulled into their largest inlet after December last week, as the original cryptocurrency continues to move to higher news that President Donald Trump's tariff negotiations are approaching the resolution.
Bitcoin, more than $ 3 billion cumulatively torn cumulatively last week, has risen by 11%over the past seven days, the XRP has increased by 9%and Solana is growing by 8%.
Trump's extensive tariff policy announcement at the beginning of this month led to the start of the markets on April 2, and the S&P 500 wiped out $ 2.5 trillion dollars in one day. Investors quickly escaped from risky investments such as equities and crypto to politics for the expected influences of the policy, including the widespread disruption of supply chains and subsequent inflation.
But bleeding began to slow down for both traditional markets and crypto after Trump allowed most tariffs (except China) for a 90-day break from S&P 500 to its largest one-day increase Since 2008 and Bitcoin 9% 9% reject. The S&P 500 has grown 1% as Trump announced a break on April 9. However, Bitcoin has significantly exceeded their profits by adding 14%after announcing a break.
ETF issuer Coinshares Research Manager James Butterillfil spoke Treasure This discrepancy shows that investors have begun to Bitcoin for safety during economic uncertainty because the currency is separated from a centralized unit such as a government or a central bank.
“Although the tariffs are weighing the shares and the prospects of company profits are reduced,” he says A fortune, “Bitcoin does not affect and has benefited from the fact that investors are looking for alternative safe impaired assets.”
This story was originally reflected on Fortune.com
