The White House plans to reduce the scope of tariffs in April

The White House is considering adjusting the tariff policy scheduled for implementation on April 2, planning to adopt more targeted measures to avoid imposing tariffs on specific industries and only implementing "reciprocal tariffs" on countries with trade imbalances, which has eased market sentiment. Analysts pointed out that although tariffs will not directly affect the price of encrypted assets, the market is particularly sensitive to the macro uncertainty brought about by Trump's trade policies. Zach Pandl, director of research at Grayscale, said, "Policy uncertainty exacerbates investors' overall reduction in risk exposure and Bitcoin is also affected." In addition, The Federal Reserve recently announced a slowdown in its balance sheet reduction speed; reducing the monthly cap on Treasury bonds from $25 billion to $5 billion to alleviate market liquidity pressure. (Decrypt)