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Bitcoin rebounds after Trump pauses Mexico, Canada tariffs. Here's why the crypto reacts to tariffs
Bitcoin rebounded to above $100,000 by Monday evening, after President Donald Trump said he would pause imposing tariffs on Mexico and Canada. Bitcoin (BTCUSD), the largest cryptocurrency by market capitalization, experienced a weekend selloff, falling to as low as $91,229 early Monday, its lowest level since Jan. 13, according to Dow Jones Market Data. Tariffs on Canadian, Mexican and Chinese imports, first announced Saturday, had been originally set to go into effect after midnight Monday. That sent the U.S. dollar DXY higher, while cryptocurrencies tumbled and Asian equities fell. Ether (ETHUSD) also dropped, ... (full story)