Bitcoin's Remarkable Recovery

After a significant drop below $93,000, Bitcoin made a strong comeback, surpassing the $100,000 mark once again. This recovery was fueled by the United States' decision to delay tariffs on Mexico, bringing a sigh of relief to the cryptocurrency market.

Market Reactions and Future Implications

The cryptocurrency market had been experiencing uncertainty due to the looming trade war, especially after US President Donald Trump announced tariffs on Mexico, Canada, and China. The announcement of the tariff delay has temporarily eased these tensions, leading to a positive shift in market sentiment.

At 2:35 pm ET, Bitcoin experienced a 3.51% jump, selling for $101,140.973. Meanwhile, Ethereum saw a 4.06% slump, trading at $2,752.7059 shortly after.