Key Highlights
- Cryptocurrency prices experienced a sharp rebound as Mexico’s President agreed to send troops to the U.S. border to combat gun and drug trafficking.
- Bitcoin (BTC) surpassed $99,000, showing a 1.5% increase for the day. XRP rose 40% from overnight lows, with Ethereum (ETH) and Solana (SOL) also regaining some losses.
- Polymarket indicates an 80% probability that Donald Trump will lift the tariff measures against Mexico by May, a significant rise from 60% earlier today.
Mexican President Claudia Sheinbaum announced on Monday the deployment of 10,000 troops to the U.S. border to tackle illegal arms trade and drug trafficking, further stating that tariffs imposed by the U.S. will be postponed for a month.
The shift in sentiment is notable, as indicated by Polymarket, where the likelihood of Donald Trump removing blanket tariffs against Mexico surged to 80%, up from approximately 50% early in the day.
Prices rebounded sharply from Monday’s dip with Bitcoin moving off a low of $91,300 to achieve a 1.5% rise. Ethereum’s price climbed above $2,700 while Solana’s surged past $200. XRP traded around $2.5 after its significant overnight gains.
In U.S. stocks, losses were mitigated, with the Nasdaq now down only 1% and the S&P 500 down by 0.75%.
