The price of Bitcoin reached $92,750 but later dropped below $89,000 due to U.S. President Donald Trump delaying tariffs on Mexican goods and services. Trump stated that Mexico would not have to pay tariffs on items covered by the United States-Canada Agreement until April. The administration also postponed tariffs on goods from Mexico and Canada. Commerce Secretary Howard Lutnick expects a separate deal with Canada to be reached soon. Bitcoin and other digital assets like Ethereum, Solana, XRP, and Cardano experienced fluctuations in response to Trump's call for a "strategic crypto reserve." Industry leaders hope that this reserve could stabilize the crypto market. The ongoing trade war has impacted risk assets, leading to concerns about inflation and the strength of the economy. The Federal Reserve Bank of Atlanta predicted a 2.8% contraction in the U.S. economy for the first quarter, and job cuts have increased. The CME FedWatch tool suggests a higher probability of three interest rate cuts this year.



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