Bitcoin's Remarkable Recovery

In a surprising turn of events, Bitcoin has once again crossed the $100,000 threshold. This recovery comes after a period of uncertainty caused by the announcement of US tariffs on Mexico, which had previously caused Bitcoin's value to dip below $93,000.

Impact of US Tariff Delays

The cryptocurrency market experienced a wave of relief following the news that the United States has agreed to delay tariffs on Mexico for a month. This decision has played a significant role in Bitcoin's price rally, showcasing the cryptocurrency's sensitivity to global economic policies.

Market Reactions

At 2:35 pm ET, Bitcoin saw a 3.51% increase, with its price soaring to $101,140.973. However, not all cryptocurrencies shared this positive momentum, as Ethereum experienced a 4.06% slump, trading at $2,752.7059 shortly after.