Bitcoin's Remarkable Recovery

In a dramatic turnaround, Bitcoin's value soared past the $100,000 mark once again this Monday. This recovery comes after a significant dip below $93,000, triggered by the United States' decision to postpone tariffs on Mexico for a month. The cryptocurrency market had been experiencing uncertainty due to the looming trade war, especially after US President Donald Trump announced tariffs on Mexico, Canada, and China. Additionally, Trump's mention of potential tariffs on the European Union added to the market's volatility.

Market Reactions

At 2:35 pm ET, Bitcoin experienced a 3.51% jump, selling for $101,140.973. However, not all cryptocurrencies fared as well; Ethereum saw a 4.06% slump, trading at $2,752.7059 just a minute later.