The price of bitcoin has increased by $ 90,000 as investors reacted to the decision of President Donald Trump’s delay in imposing 25% tariffs on Canadian and Mexican auto imports.
As Informed By Reuters on 6 March, the step, which provides a one -month discount to American vehicle manufacturers, reduced concerns that the business war can damage domestic manufacturing and weighed over the dollar, promotes the risk of crypto such as crypto.
According to the White House press secretary Karolin Levit, the decision came after meeting with Trump Ford, General Motors and Stelantis officials. Investors see delays as a sign that may not cause more economic disruption in the form of tariffs.
According to the price tracker on crypto.news, Bitcoin (BTC) is currently trading at $ 91,651 in the last 24 hours, which is 5%. The broad crypto market also gained 2% amidst better risk emotion. Although it is still in the “extreme fear” area, fear and greed index increased 25 from 5 points, showing that investors are still cautious.
Crypto-related stocks also saw significant benefits, jumps 4%with coinbase (coin) and 12%microstrati (MSTR). At the same time, the US Dollar Index (DXY) fell to its lowest level since November, historically a rapid signal to bitcoin.
Despite the rally, open interest in bitcoin futures is at its lowest level since October 2024, as reported by Crypto earlier. On 5 March.
Meanwhile, the Blockchain Analytics firm Santime mentioned that the network of bitcoin continues to expand with an increase in small purse in the previous month. However, there are indications that some big holders have recently made profits.
Sentiments analysts suggest that a reversal in large bitcoin holdings may indicate new confidence and indicate a possible breakout.
For now, the traders focus on the Federal Reserve Policy. According to CME Fedwatch toolThe futures markets are now pricing in three rate cuts this year, compared to the previous expectations of only one. The next major step of bitcoin may depend on whether the Fed follows.
