Cryptocurrency markets experienced a significant rebound on Monday. This positive movement was attributed to the decreased fears of an intensified trade war between the U.S. and Mexico. The easing of tensions came after a diplomatic resolution was reached, prompting a sharp upturn in the crypto market.
As a result, Bitcoin prices briefly surged above $102,500, while Ethereum reached $2,900, both witnessing notable gains. This shift reflects the market's sensitivity to geopolitical developments and the potential impact of policy changes.