Bitcoin and other major cryptocurrencies rallied on Tuesday, as U.S. President Donald Trump postponed tariffs on Canada and Mexico by 30 days, easing market concerns.

Bitcoin Price Action

✔ Bitcoin (BTC): +2% to $99,142 at 10:36 ET.
✔ Ethereum (ETH): +3% to $2,786.93.
✔ Bitcoin briefly surged past $100,000 on Monday evening post-announcement.

Why the Crypto Market Recovered

🔹 Trade Tension Eased - The 25% tariff on Canada/Mexico & 10% China levy had triggered a broad risk-off sentiment. The delay restored market confidence.
🔹 Dip Buying - BTC fell to $91,695 and ETH plunged 20%, attracting bargain hunters.
🔹 Crypto's Role in Market Liquidity - 24/7 trading makes BTC a liquidity hedge during macroeconomic uncertainty.

What's Next?

📊 Ongoing Trade Risks - If China tariffs proceed as planned, market stress could return.
📊 Macro & Liquidity Factors - Reduced global growth & liquidity constraints could impact crypto sentiment.

Stay Updated with Real-Time Crypto Data:
✅ Crypto Currency Free API - Track BTC, ETH, & other major crypto prices.
✅ Forex Daily API - Monitor global currency trends impacting crypto.