Bitcoin's Remarkable Recovery

In a stunning turn of events, Bitcoin has once again broken the $100,000 barrier. This recovery comes after a significant drop below $93,000, a reaction to the initial announcement of US tariffs on Mexico. The cryptocurrency market, which had been rattled by the uncertainty of a looming trade war, breathed a sigh of relief with the news of a one-month delay in tariffs.

Market Reactions and Future Uncertainties

At 2:35 pm ET, Bitcoin experienced a 3.51% jump, selling for $101,140.973. Meanwhile, Ethereum wasn't as fortunate, slumping by 4.06% to $2,752.7059 shortly after. The market's volatility underscores the fragile balance between geopolitical events and cryptocurrency valuations. With US President Donald Trump also hinting at potential tariffs on the European Union, the market remains on edge, anticipating further fluctuations.