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2mo ago

Bitcoin Climbs Above $90,000 as Market Responds to Tariff Relief Speculation

Investors show optimism over potential U.S. tariff compromises, while broader economic concerns continue to influence crypto and equity markets.

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Donald Trump inflation federal reserve Ethereum solana bitcoin Breaking Push tariffs

Overview

  • Bitcoin's price surged to nearly $90,000, recovering from recent lows tied to tariff-related market volatility.
  • U.S. Commerce Secretary Howard Lutnick suggested President Trump could announce tariff compromises with Canada and Mexico, fueling market optimism.
  • The Federal Reserve is now expected to implement up to three rate cuts in 2025, reflecting concerns over slowing U.S. economic growth.
  • The global cryptocurrency market capitalization remains volatile but has stabilized near $2.9 trillion, with institutional interest and regulatory discussions ongoing.
  • Friday's White House Crypto Summit is anticipated to provide further clarity on the administration's strategic crypto reserve and other policy directions.