What a roller coaster that way.

Bitcoin is recovering from its recent incredible dip and is teasing that sweet $100K level once again.

This all stems from Trump hitting the pause button on those spicy Mexico tariffs.

The markets are doing a happy little upward dance on the news.

The Trump Effect

The story is that Bitcoin just bounced back to just over $100k (again) after taking a nasty 10% dive below $92K when Trump first dropped his tariff bomb.

Turns out, throwing 25% tariffs around like they’re free t-shirts at a rock concert isn’t the best way to get folks jazzed about the geopolitical environment. 

But then, plot twist!

In true Trump fashion, he and Mexican President Claudia Sheinbaum cook up a deal to pause those 25% tariffs for a month.

Suddenly Bitcoin is feeling good and is back in the game.

The Backroom Deal

So what's this deal actually about? 

Mexico is agreeing to send 10,000 National Guard troops to their northern border while both sides try to figure out the whole drug trafficking and immigration situation.

Mexico has been in hot water with Trump for a while now for failing to reign in its notorious cartels, and now Trump is going so far as to say he’ll deploy the US military in the country. 

Some big names are taking the helm to ensure that all sides come to an agreement they can stomach and that it’s followed in earnest – Marco Rubio, Scott Bessent, and Howard Lutnick are leading Team USA.

Alts Bleed Everywhere

Bitcoin might be bouncing back, but the rest of crypto is still nursing that massive hangover.

Ethereum is limping hard below $3000, and Solana can't seem to catch a break fighting for its life below $220. 

XRP is doing its best to hold it together at around $2.68, and Dogecoin is still failing to find the moon at $0.27.

So, all in all, alts are still hurting for another day in the sun. 

For the time being, they just have to lick their wounds and wait for Bitcoin to decide which way it wants to go. 

Zoom Out A Bit

Look, markets are rightfully still a bit sketched out about what's coming next.

Everyone is watching Trump like a hawk, wondering what he'll say about those Canada and China tariffs – remember, those are still on the table.

So far, this IRL drama has played out more spicy than anyone had expected, and while there are hundreds of billions (some say trillions) at stake, it sure beats cable television.

Up, Down, or Tariff Around?

Bitcoin losing and regaining $100k is cool and all, but we're not exactly in smooth sailing territory yet.

This whole Mexico tariff pause is, after all, just a one-month breather.

The real question is whether Bitcoin's turning into that safe haven everyone talks about during times like these.

Because right now, it is… not that.

In fact, it’s looking more and more like the world's favorite barometer for how bad the macroeconomic situation might get. 

Here’s to a break in correlation eventually.