Best Cryptos To Buy As Prices Rebound On Trump Tariffs Relief Rumor

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Donald Trump’s trade war saga took another turn just a day after his tariffs on Canadian and Mexican imports went into effect.

Commerce Secretary Howard Lutnick hinted that the U.S. President will consider giving relief to certain sectors from the 25% tariffs, with the auto industry potentially receiving a much-needed reprieve.

Trump and Canada’s Justin Trudeau are scheduled for a call on Wednesday and a trade deal could be announced by the afternoon.

The Commerce Secretary’s optimism has triggered recovery in crypto prices, with the Bitcoin price trading above $90,000 at press time.

Is Macroeconomic Relief on the Horizon for the Crypto Market?

The broader macroeconomic outlook heavily influences crypto prices, with some dubbing Bitcoin the ultimate ‘Goldilocks asset—it thrives when the economy is “just right”.

Donald Trump’s trade war has thrown a wrench in the Bitcoin bull market. The rising inflation and slowing growth have stoked stagflation concerns, a bearish scenario for risk assets.

It is, therefore, no surprise that Commerce Secretary Lutnick’s comments regarding a potential relief to certain sectors have resulted in a recovery in crypto prices.

BREAKING: The US is considering a 1 month delay on auto tariffs on both Canada and Mexico.

— The Kobeissi Letter (@KobeissiLetter) March 5, 2025

While a one-month delay in auto tariffs has no direct bearing on crypto prices, the move signals that the US administration is open to deals with the nation’s biggest trading partners, despite his tough talk.

Moreover, the US Dollar Index and Crude Oil are both seeing significant decline after OPEC+ decided to increase its output, which could bring US inflation near the Fed’s 2% target.

A potential decrease in inflation along with the risk of slowing growth could force the central bank’s hands for more rate cuts in 2025. It is not without reason that interest rate traders are now pricing in three cuts this year.

GMI’s Head of Macro Research Julian Bittel reveals that the Global M2 money supply is still replicating its trajectory from Trump’s first term. If the pattern holds, it could soar to $112 trillion by the end of his second term, a massively bullish scenario for Bitcoin considering the correlation between the two.

Best Crypto To Buy Now

If Bittel’s Global M2 projection pans out, the crypto bull market is nowhere near over.

In that scenario, the Bitcoin price is highly undervalued at $90,000 and could hit $150,000, especially if Trump gets congressional approval for his Bitcoin Strategic Reserve that he is expected to announce at the March 7th crypto summit.

Besides BTC, other altcoins included in Trump’s Strategic Reserve announcement are now on experts’ lists of best cryptos to buy.

New Layer-1 coin Hyperliquid (HYPE) is also back in the spotlight as prominent analysts believe its bottom could potentially be in.

The first-ever index fund-like investment vehicle for meme coins is also grabbing headlines. The Meme Index ($MEMEX) project is nearing the launch of its 4 meme coin baskets — Titan, Moonshot, Midcap and Frenzy, each offering varying risk-reward ratios.

The project aims to offer broader market exposure to the meme coin sector while diversifying the risk. Considering the MEMEX holders can vote on which tokens are included in each basket, investors can benefit from community intelligence and reap outsized returns from assets they otherwise would have missed out on.

Meme Index has already seen significant success during its presale, which is ending in just 25 days. Several whales and smart money investors are among the early buyers.