Bitcoin Rises Slightly as Traders Digest Tariff News -- Market Talk

Dow Jones

03-27

1008 GMT - Bitcoin rises slightly as investors weigh the latest tariff announcement from President Trump. Trump unveiled a 25% tariff on automotive imports but suggested he could be more lenient on plans for reciprocal tariffs on April 2. He also said he was willing to reverse tariffs on China to encourage a deal for TikTok. This provided encouragement that tariffs will be less disruptive than feared, MUFG Bank's Lee Hardman says in a note. Given the elevated level of uncertainty, market participants might be waiting for more evidence of the impact of tariffs on economic activity and inflation, he says. Bitcoin rises 0.3% to $87,493, according to LSEG. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

March 27, 2025 06:08 ET (10:08 GMT)

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Trump unveiled a 25% tariff on automotive imports but suggested he could be more lenient on plans for reciprocal tariffs on April 2. He also said he was willing to reverse tariffs on China to encourage a deal for TikTok. This provided encouragement that tariffs will be less disruptive than feared, MUFG Bank's Lee Hardman says in a note. Given the elevated level of uncertainty, market participants might be waiting for more evidence of the impact of tariffs on economic activity and inflation, he says. Bitcoin rises 0.3% to $87,493, according to LSEG. 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Trump unveiled a 25% tariff on automotive imports but suggested he could be more lenient on plans for reciprocal tariffs on April 2. He also said he was willing to reverse tariffs on China to encourage a deal for TikTok. This provided encouragement that tariffs will be less disruptive than feared, MUFG Bank's Lee Hardman says in a note. Given the elevated level of uncertainty, market participants might be waiting for more evidence of the impact of tariffs on economic activity and inflation, he says. Bitcoin rises 0.3% to $87,493, according to LSEG. 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Given the elevated level of uncertainty, market participants might be waiting for more evidence of the impact of tariffs on economic activity and inflation, he says. Bitcoin rises 0.3% to $87,493, according to LSEG. (renae.dyer@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 27, 2025 06:08 ET (10:08 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}