Bitcoin's Remarkable Recovery

After a brief dip below $93,000, Bitcoin made a significant recovery on Monday, soaring above the $100,000 mark once again. This resurgence came in the wake of the United States' decision to postpone tariffs on Mexico for a month, a move that had previously caused uncertainty in the cryptocurrency market.

Market Reactions and Future Implications

The announcement of the tariff delay not only bolstered Bitcoin's price but also had a notable impact on Ethereum, which experienced a slump. The cryptocurrency market remains on edge as discussions of potential tariffs on the European Union by US President Donald Trump continue to loom. At 2:35 pm ET, Bitcoin was observed to have jumped 3.51%, selling for $101,140.973, while Ethereum fell by 4.06% to $2,752.7059 shortly thereafter.