Bitcoin's Remarkable Recovery

In a stunning turnaround, Bitcoin's value soared above the $100,000 threshold once again on Monday. This recovery comes after a significant dip below $93,000, triggered by the announcement of delayed tariffs on Mexico by the United States. The cryptocurrency market had been reeling from the uncertainty caused by President Donald Trump's proposed tariffs on Mexico, Canada, and China, as well as his threats of imposing tariffs on the European Union.

Market Reaction

By 2:35 pm ET, Bitcoin experienced a 3.51% increase, trading at $101,140.973. However, Ethereum wasn't as fortunate, witnessing a 4.06% drop to $2,752.7059 shortly after. This fluctuation in the cryptocurrency market underscores the volatile nature of digital currencies in response to global economic policies and announcements.