Crypto Market Steadies on Potential Tariff Relief

Crypto Market Stabilizes Amid Tariff Relief Hopes

Crypto Market Stabilizes Amid Tariff Relief Hopes

The cryptocurrency sector has witnessed some stabilization recently. Commerce Minister Howard Lutnick indicated that President Donald Trump might unveil a plan to alleviate tariffs imposed on Canadian and Mexican imports as part of NAFTA, possibly as soon as Wednesday.

This development has invigorated the market, propelling Bitcoin's value toward the $90,000 mark. Consequently, the overall cryptocurrency market capitalization has climbed to approximately $2.9 trillion.

The resurgent optimism could further buoy the market, as renewed concerns regarding trade disputes and marketplace instability have sparked speculation about potential interest rate cuts by the Federal Reserve.

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