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, attributed to the uncertainty caused by the US President's announcement of tariffs on Mexico, Canada, and China. The market's sentiment was further influenced by discussions of potential tariffs on the European Union.

Market Reaction to Tariff Delays

The cryptocurrency market experienced a boost following the news that the United States agreed to postpone tariffs on Mexico for a month. This decision alleviated some of the immediate concerns regarding a looming trade war, leading to a notable recovery in Bitcoin's price. At 2:35 pm ET, Bitcoin saw a 3.51% increase, trading at $101,140.973, while Ethereum faced a 4.06% decline, trading at $2,752.7059 shortly after.