Trump’s Auto Tariff Delay Sparks Bitcoin Rally Past $90K

Bitcoin Tops $90K as Trump Extends Auto Tariff Deadline

Bitcoin surged past $90,000 on Wednesday as President Donald Trump postponed auto tariffs on Canadian and Mexican imports, providing relief to investors worried about escalating trade tensions.

The White House’s decision to delay the tariffs by one month came just a day after they were initially enacted. Meanwhile, Germany’s proposal to relax debt limits for infrastructure projects and China’s decision to raise its deficit target further fueled optimism across risk markets.

Bitcoin (BTC) climbed 3.7% on the news, leading a broader crypto market rally. The CoinDesk 20 Index showed nearly all major digital assets gaining, with bitcoin cash (BCH), Chainlink (LINK), and Aptos (APT) seeing double-digit percentage increases.

Traditional markets also responded positively, with the Nasdaq and S&P 500 gaining 1.2% and 1.5%, respectively. Crypto-related stocks rebounded from early-week losses, with Coinbase (COIN) rising 3.5% and MicroStrategy (MSTR), the largest corporate holder of bitcoin, surging nearly 10%.

Recent geopolitical uncertainties have pressured risk assets, typically pushing investors toward the U.S. dollar. However, this time, the dollar index (DXY) dropped to its lowest level since November, down more than 5% from its January peak, further supporting bitcoin’s rally.

“With expectations for Federal Reserve rate cuts growing, and bitcoin reinforcing its role as a store-of-value asset, the market outlook remains constructive,” said Joel Kruger, strategist at LMAX Group.

Crypto analytics firm Swissblock highlighted that despite recent volatility, Bitcoin’s underlying fundamentals remain strong.

“Liquidity and network growth continue to improve, suggesting BTC is on the verge of entering a sustained bullish phase,” Swissblock analysts shared in a Telegram update.