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 looming trade war threats. The United States' decision to delay tariffs on Mexico for a month has injected a dose of optimism among investors, leading to a significant rebound in Bitcoin's value.

Market Reactions

At 2:35 pm ET, Bitcoin experienced a notable increase, jumping 3.51% to sell for $101,140.973. In contrast, Ethereum saw a decrease, slumping 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 announcements.

Global Economic Policies Impacting Cryptocurrency

The announcement of tariffs by US President Donald Trump on Mexico, Canada, and China had previously caused a downturn in the cryptocurrency market. The potential for additional tariffs on the European Union added to the market's uncertainty. However, the recent delay in implementing tariffs on Mexico has provided a temporary reprieve, showcasing the direct impact of global trade policies on cryptocurrency valuations.