Bitcoin Surges Past $90K as Tariff Delay and Rate Cut Hopes Boost Markets

Bitcoin (BTC) rallied above $90,000, gaining 3.7% in 24 hours, as the U.S. delayed auto tariffs on Canadian and Mexican imports by a month. The move eased investor concerns, fueling a broader crypto market rally, with Bitcoin Cash (BCH), Chainlink (LINK), and Aptos (APT) posting double-digit gains.

Traditional markets also saw a boost, with the Nasdaq and S&P 500 climbing 1.2% and 1.5%, respectively. Crypto stocks rebounded, with Coinbase (COIN) up 3.5% and MicroStrategy, the largest corporate BTC holder, jumping nearly 10%.

Adding to bullish sentiment, Germany plans to ease debt limits for infrastructure investment, and China raised its target deficit, strengthening risk appetite. Meanwhile, the U.S. dollar index (DXY) dropped to its lowest level since November, down over 5% from January highs.

Joel Kruger, market strategist at LMAX Group, highlighted Bitcoin's resilience as a store of value, stating that expectations for more Fed rate cuts in 2025 could support BTC prices. Historically, risk-off periods led investors to the U.S. dollar, pressuring crypto, but shifting macro conditions now favor digital assets.

Despite recent volatility, Swissblock’s Bitcoin Fundamental Index shows the network’s health remains strong, with liquidity and growth improving. Analysts suggest BTC is on the verge of entering a bullish phase, reducing the likelihood of a bear market.

With improving fundamentals and favorable macroeconomic trends, Bitcoin’s momentum suggests strong support on dips, making it a key asset to watch in the evolving financial landscape.