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Bitcoin and other major cryptocurrencies rebounded on Tuesday as markets welcomed U.S. President Donald Trump’s decision to delay new tariffs on Canada and Mexico, easing liquidity concerns and encouraging dip buying.
Crypto Market Movements
- Bitcoin (BTC): +5.6% to $99,327.5
- Briefly surged past $100,000 on Monday evening after the tariff delay.
- Ethereum (ETH): +7.6% to $2,704.1
- Had previously dropped over 20% to $2,261.27 on Monday.
Why Are Cryptos Rising?
- Tariff Delay Boosts Market Confidence
- Trump’s decision to postpone Canada & Mexico tariffs for 30 days removed immediate trade disruption fears.
- Bitcoin and Ethereum recovered as risk appetite returned.
- Dip Buyers Step In
- Bitcoin had dropped to $91,695.8 amid a broader selloff across risk assets.
- Traders saw buying opportunities, driving the rebound.
- Crypto as a Liquidity Hedge
- 24/7 trading nature makes Bitcoin a go-to asset during market stress.
- Liquidity concerns eased, leading to renewed buying interest.
Outlook: Can the Rally Continue?
Short-term: Cryptos may stay volatile, driven by trade news & macroeconomic shifts.
Key Risks: If tariffs on China proceed or new trade restrictions emerge, Bitcoin & Ethereum could face renewed selling pressure.
Investor Caution: Despite the rebound, the market remains vulnerable to geopolitical developments.
Watch for:
- Further trade war developments
- U.S. Federal Reserve policies on liquidity
- Global risk sentiment shifts
