Bitcoin's Remarkable Recovery

After a brief dip below $93,000, Bitcoin made a significant recovery on Monday, soaring above the $100,000 threshold once more. This rebound followed 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 and Future Uncertainties

The announcement of potential tariffs by US President Donald Trump on Mexico, Canada, and China had initially caused ripples of concern across the cryptocurrency landscape. Adding to the market's unease, Trump also hinted at imposing tariffs on the European Union, further complicating the global trade environment.

At 2:35 pm ET, Bitcoin experienced a 3.51% increase, trading at $101,140.973. Shortly thereafter, Ethereum saw a 4.06% decrease, with its value dropping to $2,752.7059.