## Trump Postpones Car Import Taxes; Bitcoin Climbs Past $90,000
Bitcoin (BTC) is presently being traded at $91,651, a 5% increase over the previous day, according to Crypto.news’ price monitor. While the Anxiety & Greed Scale is still in “Intense Anxiety,” it has grown by 5 points to 25, implying that shareholders are still wary.
This cost increase followed the declaration that the Trump government would postpone placing import duties on imported cars. White House Media Secretary Karoline Leavitt said the choice was reached after Trump spoke with leaders from Ford, General Motors, and Stellantis. Shareholders saw the postponement as a sign that the import duties may not create as serious financial disturbance as initially dreaded.
This measure, which Reuters covered on March 6, gives U.S. car manufacturers a one-month respite. It reduced worries about a probable trade conflict harming local production and weakening the dollar. This, consequently, increased interest for risk properties like virtual currencies.
The U.S. Dollar Index (DXY) concurrently fell to its lowest point since November, traditionally a favorable indication for Bitcoin. Crypto-related shares also saw considerable gains, with Coinbase (COIN) up 4% and MicroStrategy (MSTR) up 12%.
Despite the rise, open interest in Bitcoin futures remains at its lowest point since October 2024, as crypto.news reported on March 5, suggesting that traders are opting to remain careful.
Santiment experts think that the recovery in big Bitcoin holdings might indicate a restoration of assurance and a probable development. However, there are signals that some big holders have lately taken revenues.
Meanwhile, blockchain analytics business Santiment observed that Bitcoin’s network continues to grow, with a rise in the quantity of small wallets over the previous month.
In reaction to President Trump’s choice to delay the 25% import duties on car imports from Canada and Mexico, Bitcoin’s cost has surpassed the $90,000 level.
At this moment, all eyes are fixed on the anticipated actions of the Federal Reserve. The “FedWatch Tool” from CME Group indicates that the futures market is now speculating that the Fed might reduce interest rates potentially on three occasions during the current year. This represents a considerable shift from prior forecasts that suggested only a solitary reduction. Consequently, the subsequent trajectory of Bitcoin could be significantly influenced by the Fed’s ultimate decision regarding the implementation of these projected rate cuts. Toncoin (TON) Value Forecast for March 26th
