After the tariff suspension was announced, the cryptocurrency market rebounded
After the US President Donald Trump decided to suspend tariffs on Canadian and Mexico, the cryptocurrency market rebounded rapidly. The temporary holding was called between Trump and Canadian Prime Minister Justin Trudeau. This decision has given traders and investors a good relief on the impact of high -end trade barriers.
Trudeau confirmed in a statement on X that 25 % of tariffs will last at least 30 days. Canada plans to strengthen its coordination with the United States through a $ 1.3 billion border plan. This includes the appointment of Fentnis, marking Carter as a terrorist organization, and helicopters and other personnel on the Canadian border in the United States.
Mexico also obtained a monthly tariff suspension. President Claudia Sheinbaum said the United States and Mexico have reached several agreements on security and trade. The two countries will immediately begin to study these issues and are committed to strengthening their common land boundaries.
Trump’s comments still have uncertainty
Despite these announcements, Trump told Bloomberg Television that the United States and Mexico have not reached an agreement on tariffs. He said that tariffs can still take effect, which increases the uncertainty of the situation.
Although tariffs on Canada and Mexico have been suspended, 10 % of tariffs imposed on China are still active. According to the Wall Street Journal, China is preparing to negotiate. Sources show that China’s preliminary offer includes the restoration of the first stage of trade agreement since 2020, which requires Beijing to increase US exports by US $ 200 billion in two years.
Data source: CNN
On the encrypted prediction platform Polymarket, betters brought Trump a 24 % chance to delete Mexican tariffs by March. The probability of Canada’s withdrawal tax rate is 22 %, while China’s opportunities are much lower at 9 %.
After Trump’s initial tariff threat, the price of cryptocurrencies fell sharply one day before the announcement. It is estimated that it has liquidated about $ 10 billion in capital from the market. However, the latest update from the world leaders reversed this trend.
Bitcoin and Etheri show strong recovery
Coinmarketcap data show Bitcoin After falling to $ 92,000 the previous day, it has risen $ 100,000 to $ 101,731. Ether also rebounded, rising from $ 2,451 to $ 2,880. This shows the new discovery of investors in the cryptocurrency market.
Data source: coinmarketcap
Investors’ attitude indicators, that is, encrypted fear and greed index, have undergone tremendous changes. It scored 72 in 100 points, from fear to greed. This change reflects the increasingly fierce optimism of traders after the policy update.
