After witnessing a drastic downtrend on Sunday, the crypto market had a strong rebound today with BTC price surging back above $100,000 levels.
Cryptocurrency prices had a strong rebound on Monday, with Bitcoin surging back above the $100,000 level after a drastic downtrend on Sunday.
According to Coinmarketcap data, BTC is currently trading near $98,500 – up 3.48%, and ETH is trading at $2,710 – up 4.90% in the past 24 hours. Although both the leading assets are significantly down in price from their pre-tariff levels.
This quick reversal has potentially followed President Donald Trump’s decision to put hold on Canada and Mexico tariffs.
The immediate pump in ETH price is a direct reaction of the market after Eric Trump posts about ETH on his official X handle.
“I’m officially putting all of my remaining net worth into Ethereum. This coin will make you rich. Trust me. I’m Donald Trump’s son. I know what I’m talking about. Buy, buy, buy!”
The global crypto market has increased 2.96% in the past 24 hours, now sitting at $3.2 trillion. Data shows the 24 hour crypto trading volume of $240 billion.
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