Bitcoin surged 3,13% to $91,958 as traders responded to U.S. President Donald Trump’s decision to postpone 25% tariffs on Canadian and Mexican auto imports.

The delay eased economic concerns and contributed to a weakening U.S. dollar, fueling increased interest in risk assets like BTC. Investors interpreted the move as a sign that tariffs might not disrupt financial stability as severely as anticipated.

Institutional Confidence Grows Amid Market Recovery

The cryptocurrency market showed resilience, with Bitcoin gaining 3,13% over the past 24 hours, reclaiming the $90,000 mark. Meanwhile, Coinbase and MicroStrategy stocks rallied by 4% and 12%, respectively.

Billionaire Ricardo Salinas also revealed that 70% of his $4 billion portfolio is now allocated to BTC, reflecting increasing institutional adoption.

Bitcoin’s Key Resistance and Support Levels

Despite the rally, the Fear and Greed Index remains at 25, signaling continued investor caution. Bitcoin faces resistance at $92,000, while strong support is positioned around $70,000.

Blockchain data shows an increase in smaller wallet holdings, but profit-taking among large holders suggests potential short-term selling pressure. Analysts are watching whether BTC can sustain momentum or if volatility will lead to another correction.