Bitcoin recoups $100K as the risk mood continues to improve

It’s been a rough day in the crypto market with alts getting smashed but bitcoin maxis can take some solace in the rebound. After falling as low as $91,441 bitcoin has clawed its way back to $100,000 as the risk mood has improved.

The big improvement came after Mexico and the US paused tariffs for a month. That momentum has continued even with a deal on Canadian tariffs less certain.

The Nasdaq has trimmed its decline to just 0.4% after falling more than 2% in the overnight lows. The S&P 500 is down just 24 points.

The big question: Does Trump care more about the stock market or trade deficits?

This article was written by Adam Button at www.forexlive.com.