Bitcoin's Remarkable Recovery

In a surprising turn of events, Bitcoin's value soared past the $100,000 threshold once again this Monday. This recovery comes after a significant dip below $93,000, which was triggered by the initial announcement of impending tariffs by the United States on Mexico, Canada, and China. The cryptocurrency market had been fraught with uncertainty due to these potential trade wars.

Impact of Tariff Delays

The announcement of a one-month delay in implementing these tariffs by the United States has provided a much-needed respite to the cryptocurrency market. This decision has not only alleviated immediate fears but also contributed to Bitcoin's price surge. At 2:35 pm ET, Bitcoin experienced a 3.51% increase, trading at $101,140.973. Meanwhile, Ethereum saw a slight decline, dropping 4.06% to $2,752.7059 shortly after.