Crypto Chaos Averted: Unseen Forces Behind Trump’s Tariff Pause Propel Bitcoin Beyond $100k!

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Crypto markets experienced a notable rebound after U.S. President Donald Trump decided to temporarily halt proposed tariffs on Canada and Mexico. This development follows phone calls between Trump and the leaders of both nations, where they agreed to implement measures aimed at curbing illegal drug flow and immigration into the United States.

Canadian Prime Minister Justin Trudeau announced that tariffs would be paused for at least 30 days, allowing time for Canada to enhance its coordination with the United States. Part of Canada’s plan includes a $1.3 billion initiative to improve border security, appoint a Fentanyl Czar, and classify drug cartels as terrorists.


Similarly, Mexico’s tariffs have been deferred for a month. Mexican President Claudia Sheinbaum reported that the two countries have reached a series of agreements to tighten security and trade along their shared border.

The announcements from these world leaders triggered a recovery in the crypto market, which had seen a sharp decline just a day earlier due to fears over potential tariffs on China, Mexico, and Canada. The cryptocurrency market faced significant liquidations, with estimates putting potential capital losses around $10 billion.

In the wake of the tariff pause, Bitcoin saw a surge, surpassing the $100,000 mark after dropping to a low of $92,000 the previous day. Ether, which had also dipped to $2,451, recovered to $2,880 according to CoinMarketCap figures.