Bitcoin's Remarkable Recovery

In a dramatic turnaround, Bitcoin's value soared above $100,000 once more on Monday. This recovery comes after a significant dip below $93,000, triggered by the uncertainty surrounding the US's initial announcement of tariffs on Mexico, Canada, and China.

Impact of US Tariff Decisions

The cryptocurrency market experienced volatility following US President Donald Trump's tariff announcements. However, the market began to stabilize after the US decided to delay tariffs on Mexico for a month. Additionally, discussions about potential tariffs on the European Union added another layer of complexity to the market's reactions.

Market Reaction

At 2:35 pm ET, Bitcoin's price saw a 3.51% increase, trading at $101,140.973. Conversely, Ethereum experienced a downturn, with its price dropping by 4.06% to $2,752.7059 shortly after.