Bitcoin (BTC) rebounds sharply as the tariff war from the U.S. suddenly turns into a truce

Bitcoin, which had been pushed to the $91,000 level the previous day, recovered to the $100,000 level again.

Bitcoin price rebounded sharply as the U.S. tariff war, which had pushed the cryptocurrency below the $91,000 mark a day earlier, suddenly turned into a truce.

Bitcoin, which had plunged to the $91,000 level the previous day, recovered to the $100,000 mark again.

Altcoins such as Ethereum and Solana, which had plummeted more than 10% the previous day, also made up for the fall.

Bitcoin was trading at $100,102 as of the morning of the 4th, up 5.19% over the previous 24 hours.

Bitcoin began to rebound from the $91,000 mark on the 3rd (local time) after news broke that Mexican President Claudia Sheinbaum announced that U.S. tariffs had been suspended for a month.

Since then, the tariff war between Canada and the United States has also been suspended for 30 days, soaring to $102,500.

Bitcoin, which had plunged from $106,635 to $91,000 in the aftermath of President Trump's signing an executive order to impose tariffs on Canada, Mexico and China under the International Emergency Economic Powers Act (IEEPA), recovered all of them.

Ethereum and Solana also made up for all the falls that fell by more than 10% a day on the 3rd.

Meanwhile, MicroStrategy, known as the world's largest bitcoin-bearing listed company, stopped buying Bitcoin (BTC), which has been going on for 12 consecutive weeks.

On the 3rd (local time), Michael Saylor, chairman of MicroStrategy, announced on his X (Twitter) that there was no new Bitcoin purchase last week.

MicroStrategy has been buying Bitcoin every week for 12 weeks since November 11 last year, and its current holdings amount to 471,107 BTC.

James Van Straten, an analyst at CoinDesk, said, "The reason why the company stopped buying is likely to be due to the performance that will be announced after the market closes on the 5th."

On the 3rd (local time), President Trump's second son Eric Trump told X, "It's the right time to buy Ethereum. You'll be able to say thank you to me later," he posted.

This post has now been erased from the last sentence.

The problem is that shortly after posting the post, World Liberty Financial (WLFI), a Trump-led decentralized financial business, sent Ethereum to the coin exchange.

Critics say that Eric Trump is a leading trader using his position.

This is because sending coins to the exchange is interpreted as an action for selling.

However, it is also possible that the coin was sent simply to keep it on the coin exchange.