{"id":623908,"date":"2025-02-04T08:28:54","date_gmt":"2025-02-04T08:28:54","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=623908"},"modified":"2025-02-04T08:28:54","modified_gmt":"2025-02-04T08:28:54","slug":"crypto-market-rebounds-after-trump-delays-tariffs-on-canada-and-mexico-but-china-retaliates","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/crypto-market-rebounds-after-trump-delays-tariffs-on-canada-and-mexico-but-china-retaliates","title":{"rendered":"Crypto Market Rebounds After Trump Delays Tariffs On Canada And Mexico, But China Retaliates"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The crypto market rebounded more than 5% in the last 24 hours after US President Donald Trump agreed to put a temporary hold on proposed 25% import tariffs on Canada and Mexico.<\/span><\/p>\n<p>But China hit back with tariffs of 15% on coal and liquefied natural gas, and 10% on crude oil, farm equipment, large displacement vehicles and pickup trucks. It also began an anti-trust investigation into Google. Bitcoin and other major cryptos pared gains after the retaliatory measures were announced.<\/p>\n<p><span style=\"font-weight: 400;\">Canada&rsquo;s Prime Minister Justin Trudeau said in a Feb.3 <\/span><a href=\"https:\/\/x.com\/JustinTrudeau\/status\/1886529228193022429\"><span style=\"font-weight: 400;\">post<\/span><\/a><span style=\"font-weight: 400;\"> on X that Trump agreed to pause tariffs on his nation for at least 30 days. He added that the US and Canada would work together and implement a $1.3 billion border plan that includes appointing a Fentanyl czar, listing cartels as terrorists and reinforcing the US-Canada border with helicopters and more staff.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone\" src=\"https:\/\/img.freepik.com\/premium-photo\/bitcoin-blockchain-crypto-currency-digital-money-exchange-technology-symbol-generative-ai_1423-7037.jpg\" alt=\"Bitcoin\" width=\"626\" height=\"417\"><\/p>\n<h2><span style=\"font-weight: 400;\">BTC Briefly Broke $100K After Trump Paused Tariffs On Canada And Mexico<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The news that <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/best-crypto-to-buy-the-dip-as-altcoins-crash-after-trump-tariffs-ignite-trade-war\"><span style=\"font-weight: 400;\">Trump<\/span><\/a><span style=\"font-weight: 400;\"> is putting a pause on the proposed 25% tariffs on Mexico and Canada led to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\"><span style=\"font-weight: 400;\">BTC<\/span><\/a><span style=\"font-weight: 400;\"> rallying back above $100K in the last 24 hours. CoinMarketCap data shows the leading crypto soared from a low of $93,782 to a high of $102,514.17 yesterday.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"zxx\" dir=\"ltr\"><a href=\"https:\/\/t.co\/DC5Mx8yCiB\">pic.twitter.com\/DC5Mx8yCiB<\/a><\/p>\n<p>&mdash; Donald J. Trump (@realDonaldTrump) <a href=\"https:\/\/twitter.com\/realDonaldTrump\/status\/1886456105372459141?ref_src=twsrc%5Etfw\">February 3, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The Bitcoin price has since retraced to trade below the $100K level as of 2:04 a.m. EST, but remains more than 5% up on the daily time frame.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">XRP was the top 10 crypto that underwent the biggest price surge after Trump&rsquo;s decision, with its price soaring over 10%. The rest of the crypto giants followed suit. Ethereum (ETH) pumped 7%, while <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/solana-price-prediction-sol-surges-15-as-this-layer-2-crypto-presale-hurtles-towards-18-million\"><span style=\"font-weight: 400;\">Solana<\/span><\/a><span style=\"font-weight: 400;\"> (SOL), Binance Coin (BNB) and Dogecoin (DOGE) recorded respective price increases of 5%, 2% and 6%.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cardano (ADA) jumped 8% while Tron (TRX) was only able to post a minor gain.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">XCN, AERO And RAY Lead Crypto Market Recovery<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The best 24-hour performers were Onyxcoin (XCN), Aerodrome Finance (AERO) and Raydium (RAY), after they all posted gains of more than 13%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, sales of standout presale tokens <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/mindofpepe\" rel=\"nofollow\"><span style=\"font-weight: 400;\">MIND of Pepe (MIND)<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetpepe\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Wall Street Pepe (WEPE)<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Solaxy (SOLX)<\/span><\/a><span style=\"font-weight: 400;\"> continued to outperform. MIND&rsquo;s presale is closing on $5 million, while the $68.4 million WEPE ICO is on the verge of selling out.&nbsp;<\/span><span style=\"font-weight: 400;\">SOLX, the first layer-2 project focused on Solana, has raised $17.7 million.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/pepe-unchained-pump-pad-launch-sends-pepu-soaring-even-as-crypto-market-tumbles\"><span style=\"font-weight: 400;\">Pepe Unchained Pump Pad Launch Sends PEPU Soaring<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/catslap-burns-1m-slap-supercharging-upside-price-potential-ahead-of-2025-meme-coin-bull-run\"><span style=\"font-weight: 400;\">Catslap Burns $1M $SLAP, Supercharging Upside Price Potential&nbsp;<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a 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