The cryptocurrency market is rallying after the Trump administration announced a one-month delay in tariffs on Mexico.
According to CoinMarketCap, Bitcoin had surged 4.03% in the past 24 hours to reach $101,635 as of Tuesday morning.
Ethereum, the second-largest cryptocurrency by market capitalization, is trading at $2,886, up 1.75%.
Ripple, the third-largest cryptocurrency, has soared 8.19% to $2.72. Its price fluctuated between a low of $1.95 and a high of $2.78, marking a 42.56% jump from its daily low.
Other cryptocurrencies are also climbing, with Solana up 8.47% and Dogecoin rising 9.74%.
The market-wide rally follows the Trump administration’s decision to postpone tariffs on Mexico.
President Donald Trump announced on Truth Social, “I just spoke with President Claudia Sheinbaum of Mexico. It was a very friendly conversation wherein she agreed to immediately supply 10,000 Mexican Soldiers on the Border separating Mexico and the United States.”
He added that the troops would work to curb the flow of fentanyl and illegal immigrants, leading both nations to agree on a one-month tariff delay.