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February 4, 2025

Bitcoin Recovery After Trump Pauses Tariffs on Canada and Mexico

Bitcoin has made a strong return to $98,000 after suffering heavy losses over the weekend. The recent decision by President Trump to temporarily pause substantial trade tariffs on Canada and Mexico for 30 days appears to have positively impacted market sentiment. This pause provides a glimmer of hope for Bitcoin investors who had been concerned about market volatility. Analysts note that this development could establish a more stable trading environment for Bitcoin, facilitating its recovery and reinforcing the market’s resilience amidst ongoing economic shifts.

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