Key dealers
- Bitcoin rose to almost $ 100,000 after recovering from a decline under $ 92K, following Trump’s announcement to pause Mexico duties for a month.
- The markets remain volatile as details of established customs with Canada and China keep traders on the edge.
Bitcoin is approaching the $ 100,000 mark after a sharp recovery that is driven by facilitating the market’s fear after President Trump’s announcement to pause duties at Mexico for a month.
The asset, which had dropped more than 10% to a low of approximately $ 91,500 after Trump originally announced a 25% duty on imports from Mexico, has since increased back, currently trading by approximately $ 99.5,000.
The market’s first reaction to Trump’s tariff message On Sunday, a significant sale triggered on crypto assets, with Bitcoin that led the decline.
But the turnaround came after Trump confirmed an agreement with Mexican President Claudia Sheinbaum to temporarily pause customs.
As part of the agreement, Mexico will distribute 10,000 national guard troops to its northern border to deal with concern related to drug trafficking and illegal immigration.
Trump announced At the truth Social that the expected customs will be paused for a month, during which negotiations will take place.
These conversations will be led by State Secretary Marco Rubio, secretary of the Finance Ministry Scott Bessent, and Trade Secretary Howard Lutnick, together with high -level representatives from Mexico.
While Bitcoin has recovered most of its losses, other digital assets remain under pressure.
Ethereum deals at $ 2,700, Solana to $ 208, XRP to $ 2.68 and Dogecoin to $ 0.27, which shows partial recovery but remains during their previous trade interval.
The markets continue to show volatility in the midst of uncertainty about the details of customs with Canada and China, with traders waiting for Trump’s upcoming announcements.