Bitcoin has once again surpassed the $100,000 mark, buoyed by U.S. President Donald Trump’s decision to temporarily halt tariffs against Mexico, a move which has mitigated some of the market’s prevailing apprehensions.
This latest rally sees Bitcoin priced at $100,108.46, experiencing a daily surge of 2.90%, according to CoinMarketCap data.
The decision to defer tariffs came after an agreement with Mexican President Claudia Sheinbaum to deploy 10,000 national guards to the U.S.-Mexico border to tackle drug trafficking concerns.
However, tension still lingers as tariffs on Canada and China are yet to be greenlighted.
This respite comes after a couple of rough weeks for the cryptocurrency market, with DeepSeek-fueled crash in US stocks and later Trump’s tariffs against multiple countries wreaking havoc.
XRP is up nearly 5% today, trading at $2.68, but Ethereum’s fortunes are yet to favor, with the cryptocurrency down a whopping 6% amid market-wide recovery.
Altcoins and memecoins are all seeing minor recovery, with the overall cryptocurrency market up 1.8% at the time of writing.
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