Bitcoin's Remarkable Recovery

In a surprising turn of events, Bitcoin has once again crossed the $100,000 threshold. This recovery comes after a period of uncertainty in the cryptocurrency market, primarily due to the announced tariffs on Mexico, Canada, and China by US President Donald Trump. The market saw a significant uplift following the news that the United States agreed to delay tariffs on Mexico for a month, easing trade war fears.

Market Reactions

At 2:35 pm ET, Bitcoin experienced a notable jump of 3.51%, reaching a price of $101,140.973. Meanwhile, Ethereum saw a downturn, dropping by 4.06% to $2,752.7059 shortly after. These fluctuations highlight the volatile nature of the cryptocurrency market, especially in response to global economic policies and trade negotiations.