Bitcoin Rises to $88,600 as Trump Signals Tariff Flexibility

Cryptocurrency and stock markets rally following reports of narrower tariffs and exemptions, despite new penalties on Venezuelan oil trade.

Bitcoin's price increased by 3% in 24 hours, reaching $88,600, driven by reports of reduced tariff severity and potential exemptions.
President Trump confirmed a 25% tariff on countries purchasing oil and gas from Venezuela, set to take effect on April 2.
Trump hinted that 'a lot of countries' could receive tariff relief, easing investor fears and boosting market sentiment.
The global cryptocurrency market capitalization grew by 1.7% to $2.87 trillion, with notable gains in assets like Ethereum and Solana.
Analysts warn of potential pullbacks in Bitcoin's rally due to over-leveraged positions, despite evidence of strong spot demand.