By In a swift recovery, Bitcoin’s price ascended to $99,000 after President Donald Trump announced a delay in implementing 25% tariffs on imports from Mexico and Canada. The cryptocurrency had earlier declined to $91,229 amid a weekend selloff driven by tariff concerns. The postponement has alleviated immediate economic uncertainties, prompting investors to re-enter the market. Experts observe that Bitcoin’s 24/7 trading capability makes it a responsive asset during macroeconomic shifts, often serving as a liquidity source when traditional markets are closed. Despite aspirations for Bitcoin to function as a stable store of value, its recent performance aligns more closely with risk assets, affected by factors like dollar fluctuations and inflation trends.
