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Bitcoin Approaches $100,000 as Trade War Tensions Ease
Cryptocurrencies experienced a rebound on Monday, with Bitcoin nearing $100,000. This surge followed Mexico's agreement with U.S. President Donald Trump, alleviating fears of a trade war.
- Mexico will deploy 10,000 troops to the U.S. border to combat illegal trafficking.
- Tariffs will be delayed for one month.
- Odds on Polymarket for Trump removing tariffs spiked to 80% from 50% earlier.
- Ethereum rose above $2,700 from near $2,000.
- Solana traded above $200.
- XRP advanced 40%, trading around $2.5.
U.S. stocks also improved, with the Nasdaq down by only 1% and the S&P 500 down by 0.75%.