Trump’s Commerce secretary Howard Lutnick has reportedly confirmed Trump will unveil a U.S. strategic bitcoin reserve during Friday’s White House crypto

Bitcoin rebounds after U.S. Commerce Secretary Howard Lutnick hints at possible tariff relief, while Satoshi-era Bitcoin wallets moves $22 million after 14 years.

The stock market initially bounced off a sharply lower opening and bitcoin (BTC) rose through $91,000 as Commerce Secretary Howard Lutnick — in an appearance on CNBC — said the president would exempt Mexico from his new 25% tariff for any goods or services covered under a previous trade agreement.

The crypto market has stabilized somewhat following comments from Commerce Minister Howard Lutnick, who said President Donald Trump could announce on Wednesday a pathway for tariff relief on Canadian and Mexican imports covered by NAFTA.

A self-styled Wall Street tough guy, Lutnik served as head of brokerage and investment bank Cantor Fitzgerald before being selected by Trump to take charge of everything from imposing trade restrictions to monitoring the weather.

Bitcoin is set to hold a unique status within the crypto reserve, said Lutnick, while altcoins will be treated "positively, but differently."

Jim Cramer says that there is no deal on auto tariffs meaning there is going to be a deal while Commerce Secretary Lutnick says to expect a tariff relief on Canada and Mexico.

Trump's Cabinet members hold diverse portfolios with bitcoin, Big Tech stocks, and index funds.

Donald Trump's Commerce secretary Howard Lutnick has said that the US President is scheduled to unveil a strategic bitcoin reserve at the maiden White House crypto summit on Friday. He also stated that there will be discussions over coming up with a regulatory road map for crypto.

President Donald Trump said Friday that he’s committed to making the U.S. a world leader in cryptocurrencies as industry leaders heaped praise on him for reversing what they said had been unfair attacks on digital assets by the previous administration.