Bitcoin sharply increased in price

Bitcoin rose sharply on Thursday, recovering from recent losses, as risk appetite increased after US President Donald Trump postponed his plans to impose high retaliatory tariffs.

This is reported by investing.com.

However, the overall growth was limited by concerns about a rapidly escalating trade war between the US and China, given that Trump did not exempt China from tariffs and increased duties on this country, which provoked retaliatory measures from Beijing.

Cryptocurrency prices mostly moved in sync with broader risk-oriented markets, which have been rising since Wednesday evening after Trump announced tariff exemptions.

But Bitcoin's growth lagged behind the rise in stock and currency markets, as crypto markets were also strained after Strategy, the world's largest corporate Bitcoin holder, reported significant losses on the value of its digital assets.

Bitcoin rose by 7% - to $82,146.2 by 10:56 Baku time. The world's largest cryptocurrency was trading above a five-month low reached earlier in April.