Bitcoin's Remarkable Recovery

In a surprising turn of events, Bitcoin's value soared above $100,000 on Monday, marking a significant recovery from its recent dip below $93,000. This resurgence comes in the wake of the United States' decision to delay tariffs on Mexico for a month, a move that has injected a dose of optimism into the cryptocurrency market.

Market Reactions and Future Implications

The cryptocurrency market had been rattled by the uncertainty surrounding the announced tariffs on Mexico, Canada, and China by US President Donald Trump. Additionally, Trump's remarks about imposing tariffs on the European Union further fueled market volatility. However, the recent tariff delay has provided a temporary relief, with Bitcoin jumping 3.51% to $101,140.973 at 2:35 pm ET. Ethereum, on the other hand, experienced a 4.06% slump, trading at $2,752.7059 shortly after.