Bitcoin's Remarkable Recovery

After a brief dip below $93,000, Bitcoin has made a stunning recovery, surpassing the $100,000 mark once again. This resurgence comes on the heels of the United States' decision to delay tariffs on Mexico for a month, a move that has significantly impacted the cryptocurrency market.

Trade War Tensions Ease

The cryptocurrency market had been fraught with uncertainty due to the looming trade war, especially after US President Donald Trump's announcement of tariffs on Mexico, Canada, and China. The delay in implementing these tariffs has provided a much-needed respite, leading to a surge in Bitcoin's value.

Market Reaction

At 2:35 pm ET, Bitcoin experienced a 3.51% jump, trading at $101,140.973. Meanwhile, Ethereum saw a decrease of 4.06%, trading at $2,752.7059 shortly after.