Bitcoin Recovers to $101,000 After Sharp Drop

Bitcoin plunged below $91,000, triggering massive liquidations of positions worth more than $10 billion. However, news of a temporary suspension of US tariffs on Mexican goods helped the cryptocurrency recover to $101,000.

This represents a daily increase of more than 1.96%. Earlier today, Bitcoin fell to $91,687.29, although it was trading above $102,000 on Friday.

Ethereum, the second-largest cryptocurrency by market capitalization, is recovering less actively and has not yet recovered from its daily decline. On the night from Sunday to Monday, Ether fell to $2,170.36, but by the time of writing, it had recovered to $2,744, which corresponds to a decrease of 7.22% in a day.

Other cryptocurrencies are also recovering, but not as quickly as Bitcoin.

However, in the short term, the market remains extremely volatile, and many traders have not yet recovered from the shock. In the coming days, experts expect further fluctuations in the BTC rate in the range of $95,000–$105,000.