Bitcoin's Remarkable Recovery

In a surprising turn of events, Bitcoin has once again crossed the $100,000 threshold this Monday, marking a significant recovery from its recent dip below $93,000. This resurgence comes in the wake of the United States' decision to postpone tariffs on Mexico for a month, a move that had previously cast a shadow of uncertainty over the cryptocurrency market.

Market Reactions to Trade War Threats

The cryptocurrency market has been on a rollercoaster ride, influenced heavily by the looming trade war threats from US President Donald Trump's announced tariffs on Mexico, Canada, and China. Adding to the market's anxiety, Trump also hinted at imposing tariffs on the European Union, further stirring the pot of global trade tensions.

Bitcoin and Ethereum's Price Movements

At precisely 2:35 pm ET, Bitcoin experienced a notable jump of 3.51%, trading at $101,140.973. Not to be outdone, Ethereum also made headlines, albeit for a less favorable reason, as it slumped by 4.06% to $2,752.7059 just a minute later.