Bitcoin's Remarkable Recovery

In a surprising turn of events, Bitcoin has once again surpassed the $100,000 mark. This recovery comes after a significant drop below $93,000, triggered by the uncertainty surrounding the United States' decision to delay tariffs on Mexico for a month. The cryptocurrency market has been on edge due to the potential impact of a looming trade war, especially after US President Donald Trump announced tariffs on Mexico, Canada, and China. Additionally, Trump's comments about imposing tariffs on the European Union have added to the market's volatility.

Market Reactions

At 2:35 pm ET, Bitcoin experienced a notable jump of 3.51%, trading at $101,140.973. However, Ethereum saw a different trend, slumping by 4.06% to $2,752.7059 just a minute later. These fluctuations highlight the cryptocurrency market's sensitivity to global trade policies and announcements.