Temporarily .. US customs duties decline enhances bitcoin rise

The price of a currency briefly exceeded the barrier of $ 85,000 during the weekend, but it fell again to below 84 thousand dollars by Sunday noon.
The ambiguity of pushing the bitcoin price below $ 75,000 a week ago.

Disorders in the market

Timo Emden, from the German “Emdin Research” research Foundation, attributed this height to Washington’s retreat from some customs duties that raised disturbances in the markets this month.
On Saturday, the US government announced exemptions from private customs duties on smartphones, laptops, and other main electronics imported from several countries, including China.

Emden said that this step has strengthened hopes that the trade conflict had reached its climax.
He added: “The United States continuously retracted its previous commercial positions feeds optimism.”

The possibility of a breakthrough

Emden pointed out that investors seem to be preparing for the possibility of a breakthrough in the conflict during the coming days and weeks.
He also explained that the supportive monetary policy signals from the United States are another positive factor that supports digital assets.
Data on Thursday showed that inflationary pressure in the United States has declined more than expected.
This development may give way to further decrease in the interest rates in the financial markets, which may enhance demand for assets that are not associated with interest returns, such as bitcoin.