Bitcoin's Remarkable Recovery

In a surprising turn of events, Bitcoin's value soared above the $100,000 mark once again on Monday. This recovery comes after a significant drop below $93,000, triggered by the uncertainty in the cryptocurrency market due to the US President Donald Trump's announcement of tariffs on Mexico, Canada, and China. The decision to delay tariffs on Mexico for a month has played a pivotal role in this recovery.

Market Reactions

At 2:35 pm ET, Bitcoin experienced a 3.51% jump, trading at $101,140.973. Conversely, Ethereum saw a 4.06% slump, with its value dropping to $2,752.7059 shortly after. The cryptocurrency market remains volatile, with investors closely monitoring the developments in international trade policies and their potential impacts.