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.
\u2714 Bitcoin (BTC): +2% to $99,142 at 10:36 ET.
\u2714 Ethereum (ETH): +3% to $2,786.93.
\u2714 Bitcoin briefly surged past $100,000 on Monday evening post-announcement.
\ud83d\udd39 Trade Tension Eased – The 25% tariff on Canada/Mexico & 10% China levy had triggered a broad risk-off sentiment. The delay restored market confidence.
\ud83d\udd39 Dip Buying – BTC fell to $91,695 and ETH plunged 20%, attracting bargain hunters.
\ud83d\udd39 Crypto’s Role in Market Liquidity – 24/7 trading makes BTC a liquidity hedge during macroeconomic uncertainty.
\ud83d\udcca Ongoing Trade Risks – If China tariffs proceed as planned, market stress could return.
\ud83d\udcca Macro & Liquidity Factors – Reduced global growth & liquidity constraints could impact crypto sentiment.
