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Bitcoin

Bitcoin collects about 100 thousand dollars like Mexico and suspended the customs tariff

The tremendous fluctuations from the American tariff against some countries continue to influence the encryption market, but this time in the opposite direction after a positive development on the United States and Mexico front.

The price of Bitcoin, which decreased to less than 92,000 dollars earlier today, exploded by many Grand in less than an hour to nearly $ 100,000.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Much of what happened in the encryption market can be said during the past two days. BTC stood powerful over $ 102,000 on Saturday evening, but he started to lose its value gradually as US President Trump signed orders to impose a 25 % tax on Canadian and Mexican imports and 10 % on the Chinese.

The Canadian Prime Minister took revenge immediately, and China said it would seek a more favorable solution with the World Trade Organization, and Mexico said it would consider its next step.

The BTC price continued to decline, especially Monday morning when it opened Asian markets and received it at the lowest level in three weeks of about 91300 dollars (on bitstamp). However, it wore and stood in the first place about 95,000 dollars in the past few hours before the bulls began an enormous increase to more than 99,000 dollars.

This impressive recovery occurred as the President of Mexico – Claudia Shinbom – said that her country had agreed with the United States to stop definitions for a month.

In addition, it is He said Mexico will immediately strengthen its borders with the United States with 10,000 National Guard soldiers “preventing drug trafficking from Mexico to the United States, especially Fintanel.”

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