Bitcoin Tests $85,000 Amid Easing of Semiconductor Tariffs

US President Donald Trump has exempted a range of technological goods from “reciprocal tariffs,” according to a press release from the US Customs and Border Protection. Bitcoin surpassed the $85,000 mark.

The announced tariff changes cover computers, smartphones, semiconductors, solar panels, displays, and several types of data storage devices.

Experts view this as a favorable development for American tech companies.

Today’s tariff exemptions on smartphones, computers, and chip-makers make it clear:

Large cap technology companies will ultimately come out ahead when this is all said and done.

Small caps and small businesses will come out behind.

Large caps will get larger at small caps’…

— The Kobeissi Letter (@KobeissiLetter) April 12, 2025

“When all this is implemented, large-cap companies will come out ahead. […] Large ones will grow at the expense of smaller ones,” noted specialists from Kobeissi Letter.

The cryptocurrency market shows a correlation with this sector, indicating positive prospects. Within 10 days of the announcement of “reciprocal tariffs,” traditional finance and the crypto market responded with growth to news of their easing.

Amid the news, the Nasdaq Composite index rose by 2% in a day, while the S&P 500 increased by 1.8%.

The price of Bitcoin briefly exceeded $85,500, marking a local high during the period of “liberating” tariffs.

At the time of writing, the rate stands at approximately $84,700.

Earlier, specialists from 10x Research described the positive expectations from the 90-day tariff pause as “premature.”