- Bitcoin surges back above $100,000 after tariff pause and global correction.
- The altcoin market awaits regulatory clarity, focusing on Bitcoin, Ethereum, and Solana.
- Ethereum faces monetization and platform issues, with key price levels at $2,700 and $3,000.
The crypto market has seen a rollercoaster ride, with a huge correction that erased billions in capital. This sharp drop followed escalating global trade tensions, after the US President’s executive order placed tariffs on goods from China, Canada, and Mexico.
But, just when things seemed hopeless, the market began to show signs of a strong comeback. Bitcoin, which had dropped to nearly $90,000, is now back above $100,000. The turnaround happened when Donald Trump decided to pause the tariff plans, after a deal with Mexico’s President Claudia Sheinbaum to delay them for a month.
Matt Hougan, CIO at Bitwise Asset Management, noted that liquidations can happen quickly, one after another. But at the bottom, buyers are always waiting for the inevitable rebound, he added. This cycle is a familiar part of crypto, and those who know it well understand these price swings come with the territory.
Will t…
The post Crypto Market Recovers Sharply: Tariff Concerns Easing appeared first on Coin Edition.
Coin Edition – Read More