Bitcoin's fundamentals held up well during the latest dip, suggesting underlying strength, Swissblock analysts said.

Bitcoin (BTC) drifted back to $85,000 at the Feb. 27 Wall Street open as markets digested confirmation of new US trade tariffs. BTC price sells off as Trump says tariffs will go ahead Data from Cointelegraph Markets Pro and TradingView showed BTC/USD pulling back from a relief bounce to $87,

Bitcoin jumped more than 6% after Trump announced a one-month delay on auto tariffs for Canada and Mexico, easing market concerns.

The billionaire, a well-known bitcoin proponent, added he holds no bonds or stocks except for his own company shares.

Bitcoin's price was buoyed Wednesday on hopes President Trump would soften the punishing tariffs on key trade partners Canada and Mexico.

Bitcoin's price rose 7% near $90,000 amid optimism for a potential trade compromise between the U.S., Canada, and Mexico. Ethereum also recovered 6.1% to surpass $2,200, following news of potential tariff avoidance.

A piece of legislation that would allow the state to invest up to 5% of certain public funds in bitcoin — amounting to over $2 billion in taxpayers' money — has ben tabled.