- The crypto market staged a recovery after last weekend’s sharp decline.
- Bitcoin climbed above $100,000 before the close of Monday’s trading session.
- The crypto market’s recovery reflects confidence among investors.
The cryptocurrency market recovered from the weekend’s sharp drop with an overnight rally that saw a $220 million inflow into the crypto ecosystem. Bitcoin, the flagship crypto, led the recovery by climbing above $100,000, re-establishing bullish confidence among crypto users who expect prices to climb higher.
President Donald Trump’s policies announced last week triggered the price tumble the crypto market experienced over the weekend. Bitcoin plunged to $91,530 by early Monday morning. However, it recovered from Monday’s decline to surge past $100,000, hitting a daily high of $102,569 before closing at $101,457.
Tariff Pause Eases Trade Tensions
On Monday, Trump backtracked on his increased tariff policy toward Mexico, suspending implementation and opening the situation up for negotiation between the two countries. According to reports, Trump and Mexico’s President Claudia Sheinbaum agreed to pause the US-Mexico tariff for one…
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