Bitcoin's Remarkable Recovery

After a significant drop below $93,000, Bitcoin has made a strong comeback, soaring above $100,000 once again. This recovery comes in the wake of the United States' decision to delay tariffs on Mexico, a move that has brought some relief to the cryptocurrency market.

Trade War Uncertainties

The cryptocurrency market had been facing uncertainties due to the looming trade war, especially after US President Donald Trump announced tariffs on Mexico, Canada, and China. Additionally, Trump's comments about imposing tariffs on the European Union added to the market's volatility.

Market Reaction

At 2:35 pm ET, Bitcoin experienced a 3.51% jump, reaching a price of $101,140.973. Meanwhile, Ethereum saw a 4.06% slump, trading at $2,752.7059 just a minute later.