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.

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

As markets braced for the anticipated impacts of Trump's tariffs on Canada and Mexico, major indexes such as the Dow Jones, Nasdaq composite, and S&P 500 ended a sluggish February with a string of late sell-offs.

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.

Howard Lutnick told Fox Business that President Donald Trump is willing to 'meet in the middle' on tariffs, but not eliminate them entirely – yet.