Bitcoin Hits $90,000: A Look at Trump’s Tariff Delay Impact
Bitcoin’s Big News
Bitcoin, the world’s most famous digital money, has made headlines again! It’s now worth more than $90,000. This big jump happened because of many things, including a major change in global trade rules. On March 5, 2025, Bitcoin got 3.7% more valuable in just one day, reaching over $90,000. This happened after Donald Trump said he would wait to put extra taxes on car parts from Canada and Mexico[3]. This made investors feel better and helped other markets get stronger too.
Trump’s Tariff Delay: A Big Deal
The U.S. government’s decision to wait on these extra taxes had a big effect on markets all over the world. When the U.S. dollar got weaker, Bitcoin’s price went up[3]. Other good news, like Germany planning to ease debt rules and China planning to spend more, also helped Bitcoin get more valuable.
Bitcoin’s Price Rollercoaster
Bitcoin’s price has been going up and down a lot lately. After it fell below $90,000, it lost almost 14% of its value, going down to around $78,200[1]. But then, after Trump talked about cryptocurrency reserves, Bitcoin’s price went up by over 23%, reaching $96,700[1]. Even though it went back up, Bitcoin is still facing some pressure that might make its price go down.
What the Experts Say
Some market experts say Bitcoin might be ready for a comeback. The Relative Strength Index (RSI) shows that Bitcoin might be getting too cheap, which could make its price go up again[2]. But if big investors, called “whales,” don’t start buying more Bitcoin, the price might keep going down.
Bitcoin’s Strong Points
Even with all the ups and downs, Bitcoin is still strong. The Bitcoin Fundamental Index shows that Bitcoin’s network is healthy, even when its price goes up and down a lot[3]. This means Bitcoin is probably not going into a bear market and is looking good for the future.
What’s Next for Bitcoin?
Bitcoin’s big jump over $90,000 shows that it’s very sensitive to news about the global economy. The delay in tariffs by Donald Trump helped make this happen, along with other good economic news. Even though Bitcoin has some challenges, its strong fundamentals show that it can handle a bear market. As the cryptocurrency world keeps changing, investors will watch closely to see how these things affect Bitcoin’s price in the coming months.
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Sources:
– Cointribune
– BeInCrypto
– CoinDesk
– Binance