Bitcoin's Remarkable Recovery

In a dramatic turn of events, Bitcoin's value soared above the $100,000 threshold once again on Monday. This recovery comes after a significant drop below $93,000, triggered by the announcement of delayed tariffs on Mexico by the United States. The cryptocurrency market had been experiencing uncertainty due to the potential trade war, especially after US President Donald Trump's threats to impose tariffs on Mexico, Canada, and China, as well as the European Union.

Market Reactions

At precisely 2:35 pm ET, Bitcoin witnessed a 3.51% increase, trading at $101,140.973. However, not all cryptocurrencies enjoyed this surge; Ethereum experienced a 4.06% slump, with its value dropping to $2,752.7059 shortly after.