Bitcoin's Remarkable Recovery

After a sharp decline below $93,000, Bitcoin made a significant recovery, soaring above the $100,000 mark once again. This rebound came in the wake of the United States' decision to delay imposing tariffs on Mexico for a month, which had previously caused uncertainty in the cryptocurrency market.

Impact of Trade War on Cryptocurrency

The announcement of tariffs by US President Donald Trump on Mexico, Canada, and China had sent ripples through the cryptocurrency market, leading to a period of instability. Trump's mention of potential tariffs on the European Union added to the market's volatility.

Market Movements

At 2:35 pm ET, Bitcoin experienced a 3.51% jump, trading at $101,140.973. Conversely, Ethereum saw a 4.06% decline, with its value dropping to $2,752.7059 shortly after.