Bitcoin Surges Past $100K as US-Mexico Tariff Delay Sparks Crypto Market Revival

Bitcoin and Crypto Market Recovery Amid US-Mexico Tariff Delay

According to FXStreet, the cryptocurrency market experienced a significant recovery after an agreement between the United States and Mexico to delay tariffs for one month. This decision, confirmed by US President Donald Trump and Mexico's President Claudia Sheinbaum, led to a surge in Bitcoin's value, reclaiming the $100,000 mark. Other cryptocurrencies, including Ethereum, XRP, and Solana, also saw gains. The agreement involves Mexico deploying 10,000 National Guard troops to secure the US-Mexico border, with further negotiations to follow. The crypto market's recovery highlights its increasing correlation with traditional stock markets, as the S&P 500 also rebounded above 6,000 points. (Source: FXStreet, https://www.fxstreet.com/cryptocurrencies/news/bitcoin-and-crypto-market-sees-recovery-as-mexico-and-us-agree-to-delay-tariffs-202502032315)

Trump’s Tariffs and Their Impact on the Crypto Market

PUNE.NEWS reports that the cryptocurrency market has faced turbulence following the announcement of new tariffs by the Trump administration. Bitcoin, which had reached nearly $110,000, experienced a sharp decline, dropping to $91,000 before recovering to $95,000. The market lost approximately $300 billion in value due to fears of a global trade war. Despite the downturn, some experts remain optimistic, suggesting that the ongoing trade tensions could drive Bitcoin's value higher in the long term. Wall Street's growing interest in cryptocurrency, including the introduction of Bitcoin ETFs, is also contributing to its mainstream adoption. (Source: PUNE.NEWS, https://pune.news/crypto/bitcoin-and-crypto-slump-the-impact-of-trumps-tariffs-and-economic-fears-300910/)

Bitcoin and Altcoins Struggle Amid Tariff Announcements

The Times of India highlights the impact of US tariff announcements on the cryptocurrency market, with Bitcoin and other cryptocurrencies, including Trump's meme coin, experiencing significant losses. The tariffs, targeting Canada, Mexico, and China, have created uncertainty in the market. Bitcoin's price dropped below $100,000, while altcoins like Ethereum and XRP faced steep declines. The market's reaction underscores the growing influence of geopolitical events on cryptocurrency prices. (Source: The Times of India, https://timesofindia.indiatimes.com/business/international-business/bitcoin-trumps-meme-coin-tumble-after-us-tariff-announcement-on-canada-mexico-china/articleshow/117901553.cms)

XRP Shows Strength Despite Market Downturn

The Cryptonomist reports that while the cryptocurrency market remains in the red, XRP has shown resilience, closing up by 4.6% despite a temporary 30% drop. XRP's performance is attributed to positive developments in its legal battle with the SEC, as well as technical indicators suggesting a potential breakout. Analysts believe that XRP could see significant growth if it breaks out of its current range, supported by strong trading volumes. (Source: The Cryptonomist, https://en.cryptonomist.ch/2025/02/04/crypto-market-in-red-but-xrp-btc-aims-for-new-bull-price-targets/)

Crypto Market Rebounds but Faces Uncertainty

FXStreet notes that the cryptocurrency market has rebounded by 3.3% in the last 24 hours, recovering from Monday's crash. Bitcoin's price fluctuated between $91,000 and $102,000, while Ethereum struggled near $2,700. The market's recovery has been tempered by ongoing concerns about surprise tariffs and macroeconomic factors. Despite the rebound, the market remains cautious, with significant liquidations and reduced trading volumes. (Source: FXStreet, https://www.fxstreet.com/cryptocurrencies/news/crypto-market-rebounds-but-faces-uncertain-growth-202502041128)

China’s Retaliatory Tariffs Add Pressure to Bitcoin

Investing Haven reports that Bitcoin's recovery was interrupted by China's announcement of retaliatory tariffs on US goods, including coal and natural gas. Bitcoin's price dropped below $98,000, reflecting investor caution amid escalating trade tensions. The market has seen over $2.2 billion in liquidations, with trading volumes shrinking by 32%. Analysts highlight Bitcoin's resilience and its growing connection to macroeconomic factors. (Source: Investing Haven, https://investinghaven.com/crypto-blockchain/bitcoin-news-today-btc-under-pressure-as-china-tariffs-trigger-2-5-price-drop-market-jitters/)

Ethereum and XRP Struggle Amid Trade Tensions

Benzinga reports that Bitcoin's rally stalled around $99,000 following China's retaliatory tariffs on US goods. Ethereum and XRP also faced challenges, with Ethereum trading near $2,700 and XRP at $2.60. Analysts emphasize the growing correlation between cryptocurrency prices and global economic trends, as well as the cautious sentiment among investors. (Source: Benzinga, https://www.benzinga.com/markets/cryptocurrency/25/02/43463102/bitcoin-rally-stalls-around-99000-ethereum-xrp-struggle-as-china-imposes-retaliatory-tariffs)

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