Mexican President Claudia Sheinbaum agreed to deploy 10,000 troops to the U.S. border to combat arms and drug trafficking, easing trade war fears. This agreement led to a sharp rebound in cryptocurrency prices, with Bitcoin rallying above $99,000 and other major cryptocurrencies also experiencing significant gains.
Agreeing to some of Trump's terms, Mexican President Claudia Sheinbaum said the U.S. will be pausing tariffs on her country for one month.Crypto prices sharply bounced as Mexico's President agreed to deploy troops to the U.
S. border to stop arms and drug trafficking. BTC rallied above $99,000, and was up 1.5% on the day. XRP surged 40% from the overnight lows, while ETH and SOL also retraced a part of the losses. Polymarket now sees 80% chance that Donald Trump will remove blanket tariffs against Mexico before May, up from 60% earlier today. Cryptocurrencies bounced on Monday with bitcoin rallying towards $100,000 as concerns over a full-blown trade war significantly subsided with Mexico reaching an agreement with U.S. President Donald Trump.on Monday that the government will deploy 10,000 troops on the U.S. border to stop illegal arms and drug trafficking. She also said that tariffs will be delayed for a month.that Donald Trump will remove blanket tariffs against Mexico before May spiked to 80%, up from around 50% earlier today. Bitcoin surged from its Monday lows of $91,300 after the overnight capitulation, and was up 1.5% on the day, TradingView data shows. Ethereum's ether rallied above $2,700 from near $2,000, while Solana's SOL traded above $200. XRP advanced 40% from its lows, trading around $2.5. U.S. stocks narrowed earlier declines by about half, with the Nasdaq now lower by only 1% and the S&P 500 0.75%.Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University's business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.
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