Bitcoin's Remarkable Recovery

After a brief dip below $93,000, Bitcoin made a significant comeback, soaring above the $100,000 threshold once more. This recovery comes in the wake of the United States' decision to postpone tariffs on Mexico, a move that has brought some stability back to the cryptocurrency market.

Market Reactions and Future Implications

The cryptocurrency market had been experiencing uncertainty due to the announced tariffs on Mexico, Canada, and China by US President Donald Trump. Additionally, Trump's comments about imposing tariffs on the European Union further fueled market volatility. However, the delay in tariffs has provided a temporary relief, with Bitcoin jumping 3.51% to $101,140.973 by 2:35 pm ET. Meanwhile, Ethereum saw a decline, dropping 4.06% to $2,752.7059 shortly after.