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

[White House Plans to Reduce Tariff Scope in April] The White House is considering adjustments to the tariff policy originally set to take effect on April 2, aiming to adopt more targeted measures to avoid imposing tariffs on specific industries and only implement "reciprocal tariffs" on countries with trade imbalances, which has led to a calming of market sentiment. Analysts point out that although tariffs do not directly affect encryption asset prices, the market is particularly sensitive to the macro uncertainty brought about by Trump's trade policies. Grayscale's research director Zach Pandl stated, "The increase in policy uncertainty has led investors to overall drop their risk exposure, and Bitcoin has also been affected by this." In addition, the Federal Reserve recently announced a slowdown in the pace of balance sheet reduction, lowering the monthly cap on the reduction of Treasury bonds from $25 billion to $5 billion to alleviate market liquidity pressure. (Decrypt)