Bitcoin's Remarkable Recovery

In a surprising turn of events, Bitcoin's value soared above $100,000 once again on Monday. This recovery comes after a significant drop below $93,000, a reaction to the news that the United States has agreed to postpone tariffs on Mexico for one month. The cryptocurrency market had been gripped by uncertainty due to the potential of a trade war, following President Donald Trump's announcement of tariffs on Mexico, Canada, and China. Additionally, Trump hinted at imposing tariffs on the European Union, further unsettling the market.

Market Response

At exactly 2:35 pm ET, Bitcoin experienced a 3.51% increase, trading at $101,140.973. Conversely, Ethereum saw a decrease of 4.06%, with its value dropping to $2,752.7059 shortly after. These fluctuations highlight the volatile nature of the cryptocurrency market in response to global economic policies.