The encryption market rebounded after US President Donald Trump agreed to temporarily hold a proposed tariff aimed at Canada and Mexico as negotiations with the state continued.
In a statement on X on February 3, Canadian Prime Minister Justin Trudeau said he called Trump and the tariff would be suspended for more than 30 days.
TRUDEAU said that Canada will implement a $ 1.3 billion border plan, including “adjustment with US partners, strengthening Pentanil CZAR, listing Cartel as terrorists and strengthening helicopters and more personal Canadian borders.
source: Justin Trudo
Mexico’s tariffs have also been suspended for a month. Mr. Claudia Shane Baum Mexico said in a statement on X on February 3 that the two leaders had a similar promise to strengthen the land borders shared between the two countries.
“Our team starts working on two fronts: security and trade today. They are suspending tariffs for a month from now on, ”sheinbaum said.
relevant: NASDAQ FUTURES plummeted 2.7% depending on Trump’s trade war market
After Trump announced its potential tariffs on products in China, Mexico and Canada, cryptocurrency prices plummeted on February 3. Some estimates have been settled in the market with up to $ 10 billion capital.
Following the announcement of the world leaders, the encryption market has been steadily climbing.
According to CoinmarketCap, Bitcoin (BTC) surpassed $ 100,000 over $ 101,731 after recording the lowest level of $ 92,000 the day before.
Meanwhile, CoinmarketCap also rebounded ether (ETH). The ether fell to $ 2,451, but has since risen to $ 2,880 since then.