Coinbase News: Bitcoin Rebounds Above $90K Following Trump’s Tariff Delay

In a positive turn of events for the cryptocurrency market, Bitcoin has rebounded above the $90,000 mark following President Trump’s decision to delay tariffs on Canadian and Mexican auto imports.

Bitcoin Rebounds Above $90K After Trump’s Tariff Delay

Bitcoin surged 5% to $91,612, driven by President Donald Trump’s decision to delay 25% tariffs on Canadian and Mexican auto imports. The move, which grants a one-month exemption, eased concerns about economic disruption and weakened the U.S. dollar, fueling demand for risk assets like cryptocurrencies. Coinbase and MicroStrategy stocks rallied 4% and 12%, respectively, while Bitcoin’s Fear and Greed Index remained at 25. Ricardo Salinas holds 70% of his $4B portfolio in BTC, highlighting rising institutional confidence.

Solana Whale Moves $72 Million to Coinbase, Fueling Sell-Off Fears

A large Solana (SOL) whale moved 494,153 SOL, valued at approximately $72 million, to Coinbase Institutional on March 4, 2025. This transfer, known as an “exchange inflow,” signals that the investor may intend to sell the assets, leading to increased supply in the market and downward pressure on the price.