Bitcoin Soars Above $90,000: How Trump’s Tariff Delay Made Waves
Welcome to the Wild World of Bitcoin
Bitcoin, the world’s number one cryptocurrency, has been making big news again! It recently zoomed past the $90,000 mark. What’s got Bitcoin so excited? Well, a bunch of things, but let’s talk about how some changes in global trade policies have played a big part.
On March 5, 2025, Bitcoin had a 3.7% boost over 24 hours, pushing it over $90,000. This happened right after Donald Trump announced he was delaying some tariffs on car parts from Canada and Mexico[3]. This move made investors feel more at ease and helped other markets have a comeback too.
Trump’s Tariff Delay: A Ripple Effect
The U.S. government’s decision to delay these tariffs had a big impact on markets all around the world. When countries trade more freely, it’s usually good for the economy, and that makes people more likely to invest in things like Bitcoin. Plus, other countries are making moves too, like Germany planning to ease debt limits and China planning to spend more. All these things together make people more interested in taking risks, which is great for Bitcoin.
Here’s a cool thing: the U.S. dollar index usually moves in the opposite direction of cryptocurrencies. So, when the dollar index dropped to its lowest point since early November, it gave Bitcoin a nice boost[3].
Bitcoin’s Price Rollercoaster
Bitcoin’s price has been going up and down a lot lately. After it fell below the $90,000 mark, it dropped by almost 14% to around $78,200[1]. But then, after Trump talked about cryptocurrency reserves, Bitcoin shot up by over 23%, reaching $96,700[1]. Even though it had a nice rebound, Bitcoin has been facing some tough times, with its short and medium-term trends looking bearish[1].
What Do Experts Say?
Some market analysts think Bitcoin might be oversold, which means it could be ready for a comeback. The Relative Strength Index (RSI) is a tool that helps us see if a cryptocurrency is oversold or overbought. When Bitcoin’s RSI is below 30, it’s usually a sign that it’s oversold. Right now, Bitcoin’s RSI is 31.16, which is pretty close to that oversold zone[2].
However, there’s a bit of a problem. Big Bitcoin holders, often called “whales,” haven’t been buying much lately. If they don’t start buying more, it could make Bitcoin’s price go down even more[2].
Bitcoin’s Strong Fundamentals
Even with all the ups and downs, Bitcoin’s fundamentals are still really strong. The Bitcoin Fundamental Index, which shows how healthy the Bitcoin network is, has been doing well even when the price has been going crazy[3]. This means that Bitcoin is probably not going to have a long bear market, which is good news for Bitcoin lovers!
What Does the Future Hold for Bitcoin?
Bitcoin’s recent surge shows that it’s really sensitive to news about the global economy. The delay in tariffs by Donald Trump and other positive economic news have helped Bitcoin’s price go up. Even though Bitcoin has some challenges to face, like bearish trends and less activity from big holders, its strong fundamentals suggest that it can handle a long bear market. As the cryptocurrency world keeps changing, investors will be watching closely to see how these factors affect Bitcoin’s price in the coming months.
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Sources:
– Cointribune
– BeInCrypto
– CoinDesk
– Binance