Bitcoin recovers to $92,000 amid tariff deferral ahead of Crypto Summit

On the 7th (local time), ahead of the White House Cryptocurrency Summit, Bitcoin (BTC) recovered to the $90,000 range.
As of 1:50 pm on the 6th, the Bitcoin reference price on BitTorrent was up 3.19% from the same time the previous day to 136,893,000 won (approximately 131,600 yen).
At the same time, the Bitcoin price on CoinMarketCap was at $92,260 (approximately JPY 13.76 million), up 6.01% from the same time the previous day.
Although investment sentiment has improved slightly, the demand for virtual currency investment is not large. According to the virtual currency data platform "Alternative.mi", the Crypto Greed Panic Index (CGP)
The crypto greed index is still in the "extreme fear" state at 25 points, but that's a slight improvement from the previous day's 20 points.
The number up to 100 indicates the demand for virtual asset investment, and the closer to 100, the greater the demand. Also, Bitcoin is performing better than altcoins (virtual assets other than Bitcoin).
On this day, CoinMarketCap's Altcoin Season Index recorded 15, the same as the previous day.
The index is calculated by comparing the price growth rates of the top 100 coins by market capitalization with Bitcoin. If 75% of the top 100 coins have a higher growth rate than Bitcoin over the past 90 days,
If it is, it is considered to be altcoin season, and if it is the opposite, it is considered to be Bitcoin season. The closer it is to 100, the more it is considered to be altcoin season.
Investors are wondering what will be discussed at the White House Crypto Summit
The summit is expected to discuss the direction of cryptocurrency promotion policy and regulation. The White House announced the news of the summit, saying, "We will encourage innovation and
"At some point, we will work to clearly establish a framework for the regulation of cryptocurrencies," he said. President Trump also announced on the 5th (local time) that a 25% tax surcharge would be imposed on cars made in Canada and Mexico.
The tariffs were waived for one month. This led to a rebound in the New York stock index. White House Press Secretary Caroline Levitt said at a regular briefing on the same day
"We have spoken to the three major automakers and have decided to provide a one-month exemption for all cars coming in through the United States-Mexico-Canada Free Trade Agreement (USMCA)," he said in a statement.
" he revealed.