Bitcoin trades sideways on quiet tariff war news

USCBP "Suspends Tariff Measures on Electronic Devices"
Market "Expects Big Tech to Avoid Mutual Tariffs"...Coins Rise
BTC Maintains $85,000 Level...Some Altcoins Rise Over 10%

Bitcoin (BTC) remained steady on the 15th following the suspension of tariff measures by the Trump administration on electronic devices.

On the 11th, the US Customs and Border Protection (USCBP) officially announced that it would not apply mutual tariffs to items such as smartphones, PCs, and laptops. Even though President Trump clarified that the measure was not permanent, the asset market stopped declining as the tariff measures on electronic devices were suspended. This is due to expectations that big tech companies like Apple will avoid mutual tariffs with China.

As the tariff war temporarily subsided, the cryptocurrency market showed some altcoins surging. While Bitcoin maintained $85,000, some altcoins with lighter market capitalizations recorded over 10% growth.

◇Bitcoin = At 4 PM on the 15th, the Bitcoin price on Upbit was 123,950,000 won. Bitcoin's dominance was 63.81%.

According to on-chain analysis platform Sigbit, the long and short betting ratios in the Bitcoin futures market were 43.65% and 56.35%, respectively.

Despite Bitcoin's stagnation, optimism surrounding Bitcoin existed in the market.

On-chain analysis platform Sentiment posted on its official X account on the 14th, "With President Trump suggesting additional tariff exemptions, optimistic views on Bitcoin continue" and "This is the highest level of positive response since the day before Trump announced the tariff policy."

◇Rising Coins = At 4 PM on the 15th on Upbit, the cryptocurrency with the largest increase from the previous trading day was AlphaQuark (AQT), rising by about 16%.

The AlphaQuark token is a cryptocurrency that can purchase intangible digital intellectual property rights. It can be traded using mobile payment functions, including printed publications, music copyrights, drama rights, and movie rights. These intellectual property rights can directly claim copyright revenues using mobile payment functions.

Users can also purchase non-transferable Non-Fungible Token (NFT) items created by creators through the marketplace using AlphaQuark tokens.

◇Fear and Greed Index = The digital asset Fear and Greed Index provided by Alternative remains at 38 points, maintaining the 'Fear' stage. The fear stage (20-39) is a period where cryptocurrency price volatility and trading volume increase, indicating a potential price decline. Caution is advised for purchasing as the possibility of short-term bottom formation is high.

The Relative Strength Index (RSI) for cryptocurrencies provided by Sigbit was recorded at 61.5, in a 'neutral' state. RSI assesses the relative strength between upward and downward price pressures for a specific asset and indicates the overbought and oversold scales of a particular asset.

Reporter Seung-won Kwon ksw@blockstreet.co.kr