Bitcoin's Remarkable Recovery

In a dramatic turn of events, Bitcoin has once again soared above the $100,000 mark. 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 fraught with uncertainty, largely due to President Donald Trump's announcement of tariffs on Mexico, Canada, and China, alongside potential tariffs on the European Union.

Market Reactions

At 2:35 pm ET, Bitcoin experienced a notable jump of 3.51%, reaching a selling price of $101,140.973. Contrarily, Ethereum saw a decline, dropping 4.06% to $2,752.7059 just a minute later. These fluctuations underscore the volatile nature of the cryptocurrency market in response to global economic policies and trade tensions.