Crypto markets saw a significant rebound after US President Donald Trump decided to temporarily suspend proposed tariffs on Canada and Mexico as negotiations progressed. On February 3, Canadian Prime Minister Justin Trudeau announced that the tariffs would be paused for at least 30 days following a phone call with Trump. This pause comes as both countries agreed to enhance their cooperation to combat illegal drug trafficking and immigration into the US. In parallel, Mexican President Claudia Sheinbaum confirmed a similar agreement and commitment to border reinforcement efforts. Just a day before, the crypto market had experienced a dip, with Bitcoin falling below $100,000 and Ether reaching a low of $2,451. Following the positive news from the US, Bitcoin surged back above $100,000, currently at $101,731, while Ether rebounded to $2,880. This demonstrates the influence of geopolitical events on crypto market movements.

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