Bitcoin Extends Gains After Trump Softens Tariffs

Crypto markets rallied for a second day after U.S. President Trump granted a one-month tariff exemption on automobile imports from Canada and Mexico.

Bitcoin rebounded above $90,000, while Ether climbed 3% to $2200. XRP gained 1%, while SOL rallied 2.5% in the past 24 hours.

The overall crypto market capitalization is up 1.7% in the past 24 hours to $3.05 trillion, according to Coingecko.

Among the Top 100 digital assets, Celestia (TIA), Story Protocol (IP), and Toncoin (TON) posted minor losses of around 3% amid a broad crypto rally.

Surprisingly, Bitcoin Cash (BCH) is today’s best performer, surging 24%, followed by Jito (JTO) and ONDO, which gained 16%.

Ether shows signs of capitulation, with IntotheBlock noting that ETH’s Market Value to Realized Value (MVRV) ratio hit 1.01 on March 4, a level last seen in October 2023.

“A ratio around 1.01 has marked local bottoms in the past, but it’s rare to see it this low in a bull market. Typically, when it drops this far, it’s during bear markets, and it can even drop below 0.70 at deeper cycle lows,” the market intelligence firm wrote.

Around 88,000 leveraged traders were liquidated for a total of $292 million in the past 24 hours, according to CoinGlass. Bitcoin accounted for $126 million, while ETH made up $52 million.

The Bitcoin Fear and Greed Index ticked up to 20 on the bounce but continues to indicate ‘Extreme Fear’ among market participants.