Bitcoin's Remarkable Recovery

In a stunning turnaround, Bitcoin's value soared above $100,000 once more this Monday. This recovery comes after a significant drop below $93,000, a dip triggered by the uncertainty surrounding the United States' decision to postpone tariffs on Mexico for a month. The cryptocurrency market had been on edge following President Donald Trump's announcement of tariffs targeting Mexico, Canada, and China, as well as his threats to impose tariffs on the European Union.

Market Reactions

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