Bitcoin Breaks $90,000: A Look at Trump’s Tariff Delay Impact
Introduction: Bitcoin’s Wild Ride
Bitcoin, the world’s most famous digital money, has made big news again by going over $90,000! This sudden jump happened because of several things, including a big change in global trade rules. On March 5, 2025, Bitcoin got 3.7% more valuable in just one day, reaching over $90,000, after hearing that Donald Trump delayed putting 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 Market Shake-up
The U.S. government’s decision to delay these extra taxes had a big effect on markets all over the world. This delay, along with other good economic news like Germany planning to ease debt rules and China wanting to spend more, made people more likely to invest in risky things, including Bitcoin[3]. The U.S. dollar got weaker, which also helped Bitcoin’s price go up[3].
Bitcoin’s Price Rollercoaster
Bitcoin’s price has been going up and down a lot lately. After falling 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 suddenly got 23% more valuable, reaching $96,700[1]. Even though it went back up, Bitcoin is still facing some problems that might make its price go down[1].
What the Market Thinks and Technical Stuff
Some market experts say Bitcoin might be ready for a comeback because it’s been sold too much[2]. A thing called the Relative Strength Index (RSI) shows that Bitcoin is almost at the point where it might start to get more valuable again[2]. But if big investors, called “whales,” don’t start buying more Bitcoin, it might still have problems[2].
Bitcoin’s Strong Points
Even with all the ups and downs, Bitcoin is still very strong. A thing called the Bitcoin Fundamental Index shows that Bitcoin’s network is doing well, even when its price goes up and down a lot[3]. This means Bitcoin is probably not going to have a long period of low prices, which is good news for people who invest in it[3].
The Future of Bitcoin: A New Beginning?
What’s Next and What to Expect
Bitcoin going over $90,000 shows that it can change a lot based on what happens in the world economy. The delay in tariffs by Donald Trump helped make its price go up, along with other good economic news. Even though Bitcoin has some problems, its strong points show that it can handle a long period of low prices. As the world of cryptocurrency keeps changing, investors will watch how these things affect Bitcoin’s price in the coming months.
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Sources:
– Cointribune
– BeInCrypto
– CoinDesk
– Binance