Bitcoin Surges Back to $100K as Trump Pauses Mexico Tariffs

Bitcoin (BTC) has rebounded to the $100,000 mark, recovering from a recent drop below $92,000, following President Trump's announcement to pause tariffs on Mexico for one month. The asset had initially fallen more than 10% after Trump's initial announcement of a 25% tariff on imports from Mexico, but has since surged back to its current trading price of approximately $99,500.

The market's initial reaction to Trump's tariff announcement triggered a significant sell-off across crypto assets, with Bitcoin leading the decline. However, the turnaround came after Trump confirmed a deal with Mexican President Claudia Sheinbaum to pause the tariffs temporarily. As part of the agreement, Mexico will deploy 10,000 National Guard troops to its northern border to address concerns related to drug trafficking and illegal immigration.

Trump announced on Truth Social that the anticipated tariffs will be paused for one month, during which negotiations will take place. These talks will be led by Secretary of State Marco Rubio, Secretary of Treasury Scott Bessent, and Secretary of Commerce Howard Lutnick, alongside high-level representatives from Mexico.

While Bitcoin has recovered most of its losses, other digital assets remain under pressure. Ethereum trades at $2,700, Solana at $208, XRP at $2.68, and Dogecoin at $0.27, showing partial recoveries but remaining below their previous trading ranges. Markets continue to show volatility amid uncertainty over the details of tariffs with Canada and China, with traders awaiting Trump's upcoming announcements.