Bitcoin’s value surged to $99,000 following President Donald Trump’s decision to delay imposing 25% tariffs on imports from Mexico and Canada. The cryptocurrency had previously fallen to $91,229 due to a weekend selloff amid tariff-related anxieties. The postponement has mitigated immediate economic concerns, leading to renewed investor interest. Analysts highlight that Bitcoin’s continuous trading nature allows it to react promptly to macroeconomic developments, often serving as a liquidity avenue during periods of uncertainty. While some view Bitcoin as a potential safe-haven asset, its recent movements have mirrored those of riskier investments, influenced by the strength of the U.S. dollar and inflation expectations.
Bitcoin Rebounds to $99,000 After Tariff Delay Eases Market Fears
