After the brutal sale, Bitcoin and Ethereum are active. Optimism has returned to the market because Trump has paused tariffs in Canada and Mexico.
Crypto Market performed a powerful rebound on February 1 after triggering brutal sales caused by President Donald Trump's tariff announcement.
In the Bitcoin (BTC), Ethereum (ETH), and a wider wider digital asset market, the United States has caused significant losses to impose tariffs on Canada, Mexico, and China, but Canada and Mexico. A temporary suspension of trade restrictions caused updated optimism. 。
Following Trump's tariff declaration, the BTC, which had plummeted to the minimum value of $ 91,200 on February 3, recovered rapidly and traded about $ 101,000 as of February 4. Basics.
ETH became a deeper 2,460, more aggressively, rising nearly 10 % in the past 24 hours to $ 2,800, but it was still 12 % lower than a week ago.
According to Coingecko, a wider range of encryption markets are approaching, and the market capitalization in the past day has increased 8.5 % to $ 3.43 trillion.
The investor's centment has become positive as Crypto Fear & Greed Index has returned to 72, which symbolizes the shift to (greedy “.
Fear of tariffs and market anxiety
The sale began on February 3, and Trump's order introduced a new tariff and sent a shock wave to the entire financial market, including cipher.
China was hit by 10 % of tariffs, but Canada and Mexico were in a hurry to do 25 % duties. This movement caused immediate uncertainty and caused risk assets, including cryptocurrency.
But within a few hours, diplomatic efforts were already moving.
Canadian Prime Minister Justin Trudeau talked to Trump in X, securing a temporary 30 -day suspension of tariffs, and that both countries are working on a wider border security agreement.
The contract includes a $ 1.3 billion security plan, the appointment of the Emperor Fentanil, and the US Canadian border.
Mexico has followed a similar path and confirmed that President Claudia Shainbaum has been holding the tariff for one month as the two countries are working on the land border agreement.
Despite these temporary resolutions, uncertainty remains. In an interview with the Bloomberg TV on February 3, Trump revealed that the tariff on Mexico could still be effective.
On the other hand, China, the only country that is not included in the pause, is said to be ready to negotiate according to the Wall Street Journal report on February 3.
AI, global market, encryption volatility
The latest tariff battle has caused recent market turbulence, but with another development, the cryptographic price was already on an unstable ground.
The release of a new artificial intelligence model based in China caused concerns about the growing ability of non -US AI companies and influenced the global technical market.
This combined with the fear of tariffs, brought a heavy liquidation to the cipher before the rebound was established.
The market is still dominant as traders respond to the latest development. Due to the suspension of tariffs, the encryption was given a respiratory room, but the situation remained fluid. Long -term trade wars or additional geopolitical changes can easily recover the sales pressure.
