The encryption prices are restored after the interim tariff stopped

The recovery of encryption markets after the announcement of the customs tariff

The encryption markets witnessed a sharp recovery after US President Donald Trump decided to stop the proposed definitions in Canada and Mexico. This temporary reservation followed a phone call between Trump and Canadian Prime Minister Justin Trudeau. The decision led to relief for merchants and investors who were preparing for the influence of higher commercial barriers.

In a statement issued by X, Trudeau confirmed that the 25 % definitions will be suspended for at least 30 days. Canada plans to enhance coordination with the United States through a $ 1.3 billion border plan. This includes the appointment of the Vintanel Caesar, describing the carts as terrorist organizations, and increasing security with helicopters and additional employees on the borders of the United States and Canada.

Mexico also obtained a temporary suspension for one month on the definitions. President Claudia Shinbom stated that the United States and Mexico have reached several agreements that focus on security and trade. Both countries will start working on these issues immediately, with a commitment to enhance the common land borders.

The uncertainty remains with Trump’s comments

Despite these ads, Trump Bloomberg told a TV that the United States and Mexico have not ended an agreement on definitions. He pointed out that the customs tariff is still in effect, adding some uncertainty in the situation.

While the customs tariff for Canada and Mexico temporarily stops, the 10 % tariff imposed on China is still active. According to the Wall Street Journal, China is ready to negotiate. The sources indicate that the initial offer of China includes reviving the commercial deal for the first stage of 2020, which requires Beijing to strengthen US exports by 200 billion dollars over two years.

On the platform for encryption, Polymarkket, the betting of Trump gives a 24 % chance to remove the customs tariff on Mexico before March. The risk of removing the customs tariffs in Canada stands by 22 %, while China’s chances are much lower by 9 %.

The encryption prices fell sharply before the ads, after Trump’s initial threats. Estimates suggested about $ 10 billion in capital from the market. However, the latest updates of world leaders have reflected this trend.

Bitcoin and Ether show a strong recovery

Coinmarketcap data appears Bitcoin It rose more than $ 100,000, reaching 101,731 dollars after it decreased to 92,000 dollars the day before. The ether also wore, as it rose from $ 2,451 to $ 2,880. This indicates the new investor faith in the cryptocurrency market.

The investor’s position has changed, the Crypto Fear & Greed index has changed significantly. 72 out of 100, crossing the line from fear to greed. This change reflects the increasing optimism between merchants after recent policy updates.