Bitcoin price rises above $90K amid Trump auto tariffs delay

Bitcoin Price exceeded $ 90,000 while investors reacted to President Donald Trump’s decision to delay the taxation of 25% prices on Canadian and Mexican automotive imports.

As reported By Reuters on March 6, the move, which grants an exemption of one month for American car manufacturers, argued the concerns that the trade war could harm interior manufacturing and weigh on the dollar, supplying the demand for risk assets such as crypto.

The decision was made after Trump met Ford leaders, General Motors and Stelllantis, according to the White House press secretary, Karoline Leavitt. Investors see the delay as an indication that price may not cause as much economic disruption as expected.

Depending on the price tracker on crypto.news, bitcoin (BTC) is currently negotiated at $ 91,651, up 5% in the last 24 hours. The wider market of cryptography has also progressed, gaining 2% in the midst of an improved risk of risk. Although it is still in the “extreme fear” area, the index of fear and greed increase 5 points to 25, indicating that investors are still cautious.

Crypto -related actions have also experienced significant gains, Coinbase (corner) increasing 4%and microstrategy (MSTR) jumping 12 %%. At the same time, the US dollar index (DXY) fell to its lowest level since November, historically a bull’s bitcoin signal.

Despite the rally, the open interest in Bitcoin Futures has been at its lowest level since October 2024, as before reported by crypto.News on March 5. This suggests that traders choose to remain cautious.

Meanwhile, the blockchain analysis company noted that the Bitcoin network continues to develop, with an increase in small portfolios during the last month. However, there are signs that some major holders have recently made profits.

Santiment analysts suggest that a rebound in large Bitcoin holders could indicate renewed confidence and report a potential break.

For the moment, traders remain focused on the federal reserve policy. According to CME Fedwatch ToolThe term markets are now prices up to three rate drops this year, compared to previous expectations of only one. The next major Bitcoin movement could depend on whether the Fed follows.