BTC and the crypto market surged after Trump and Mexico agreed to pause tariffs for one month, easing investor concerns.
Bitcoin and Crypto Markets Recover as US-Mexico Tariff Talks Ease
The cryptocurrency market bounced back on Monday, Feb. 3, 2025, as Mexico’s President Claudia Sheinbaum and US President Donald Trump reached an agreement to pause tariffs for one month. The move provided temporary relief to financial markets, allowing Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL) to recover from earlier losses.
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Bitcoin Surges Past $100K
After dipping below $96,000 on Sunday, Bitcoin rebounded to reclaim the $100,000 level following the trade resolution. The renewed bullish sentiment also fueled gains across major altcoins, with Ethereum, Solana, and Dogecoin experiencing short-term price surges.
Market Reacts to Tariff Delay
The US-Mexico deal includes Mexico deploying 10,000 National Guard troops to help secure the US-Mexico border, a condition set by President Trump to postpone the tariffs. Trump confirmed that ongoing negotiations will be led by key officials, including Treasury Secretary Scott Bessent and Secretary of State Marco Rubio.
Global Markets Follow Crypto’s Lead
Traditional financial markets also recovered, with the S&P 500 climbing above 6,000 after dipping to an intraday low of 5,920. This reinforces the increasing correlation between Bitcoin and traditional stocks, as both asset classes react to macroeconomic events.
Crypto’s Sensitivity to Global Trade Policy
The crypto market’s recent volatility highlights its sensitivity to broader economic and trade policies. Similar movements were observed last week when Bitcoin dropped following a stock market decline triggered by China’s AI startup DeepSeek. Over the past year, Bitcoin and digital assets have closely tracked US economic data and policy shifts, signaling growing mainstream adoption.
With the tariff dispute temporarily on hold, investors are watching whether Bitcoin can maintain its upward momentum or if further policy changes will introduce new uncertainties.
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The information provided on 13Desk is for informational purposes only and should not be considered financial advice. We strongly recommend conducting your own research and consulting with a qualified financial advisor before making any investment decisions. Investing in cryptocurrencies carries risks, and you should only invest what you can afford to lose. 13Desk is not responsible for any financial losses incurred from your investment activities.
