1 month ago
Cryptocurrencies bounced connected Monday with bitcoin (BTC) rallying towards $100,000 arsenic concerns implicit a full-blown commercialized warfare importantly subsided with Mexico reaching an statement with U.S. President Donald Trump.
Mexico President Claudia Sheinbaum said connected Monday that the authorities volition deploy 10,000 troops connected the U.S. borderline to halt amerciable arms and cause trafficking. She besides said that tariffs volition beryllium delayed for a month.
Underscoring the abrupt sentiment change, likelihood connected prediction marketplace Polymarket that Donald Trump volition region broad tariffs against Mexico earlier May spiked to 80%, up from astir 50% earlier today.
Bitcoin surged from its Monday lows of $91,300 aft the overnight capitulation, and was up 1.5% connected the day, TradingView information shows. Ethereum's ether (ETH) rallied supra $2,700 from adjacent $2,000, portion Solana's SOL traded supra $200. XRP precocious 40% from its lows, trading astir $2.5.
U.S. stocks narrowed earlier declines by astir 50%, with the Nasdaq present little by lone 1% and the S&P 500 0.75%.
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