Losses of Bitcoin Tapics after Mexico says the rates will be stopped

Bitcoin pruned more losses by climbing back to $ 100,000 after the United States agreed to pause the rates for goods from Mexico for a month.

The price of Bitcoin Last higher than 1% at $ 99,545.16, according to Coin Metrics. Earlier, it fell only $ 91,12.63 at a risk move after President Donald Trump hit Mexico, Canada and China with long-standing imports over the weekend. He traded over $ 102,000 on Friday.

Shares on Coinbase and Micro -directing They traded at their low session levels, with 1% and 0.5% respectively.

“Bitcoin, which is better at the rest of the market, strengthens its position as the most secure bet in cryptocurrency,” says Ben Kurland, CEO of Crypto Research Platform Dyor. “When panic occurs, liquidity flows to Bitcoin over more risky assets, proving again that this is the reserve asset of the industry.”

The cryptocurrencies collapsed over the weekend after Trump signed an order imposing 25% rates on imports from Mexico and Canada, as well as a 10% duty on China. The United States is making about $ 1.6 trillion business with the three countries.

Bitcoin has seen $ 377.6 million long liquidations in the last 24 hours, according to Coinglass. Ether has seen $ 479 million long liquidations.

Other coins saw deeper cuts, but also traded from their session. Ether is last with 7% to $ 2711.05 after trading over $ 3,300 on Friday. The Coindesk 20 Index, a measure for the wider cryptocurrency market, lost more than 1%. The memorial coins were Among the most difficult strokesS

Jeff Park, head of Alpha’s Alpha Strategies, said the prolonged tariff war will be “incredible” for Bitcoin in the long run due to possible weakening of the dollar and US rates.

While many think, can withstand extra pain this month Due to the uncertainty about the trade war caused by Trump’s tariffs.

“Digital assets Will Eventually Like Today’s (US Treasury) Yield Mix (Higher Break-Evens and Lower Real Yield at, “Geoff kendrick, an An analyst at Standard Chartered, said in a note on Monday. “Until then, we can get involved in a few days when the $ 90,000 BTC level is again at risk.”

Investors are watching $ 90,000 as a key level of Bitcoin support, and some have warned of an even more depth to $ 80,000 if the cryptocurrency significantly broke under its support.

– Michael Bloom of CNBC contributed to reporting