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.

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.