Bitcoin’s price experienced a significant rebound, reaching $99,000 after President Donald Trump announced a delay in imposing 25% tariffs on imports from Mexico and Canada. The cryptocurrency had previously dipped to $91,229 amid a weekend selloff triggered by tariff concerns. The postponement of tariffs has alleviated immediate economic uncertainties, leading to renewed investor confidence and increased buying activity. Analysts note that Bitcoin often reacts to macroeconomic events, with its 24/7 trading nature providing liquidity during times of uncertainty. Despite hopes that Bitcoin could act as a store of value, it has recently traded in line with risk assets, influenced by factors such as dollar strength and inflation expectations.