Bitcoin Surges to $102,500 After Mexico-US Tariff Pause, Rebounds from $91,441 Low

Bitcoin has rebounded to surpass $100,000 after experiencing significant volatility, reaching a low of $91,441 before climbing back to $102,500. The cryptocurrency's recovery is attributed to an improved risk mood following a pause in tariffs between Mexico and the US. This rebound comes amidst a broader market correction, with Bitcoin showing signs of stability in its derivatives market, with open interest at 630,000 BTC and a futures premium near 9%. Bitcoin hit lows of $92.5k and experienced a 17% market correction before increasing by 4% to reach its current levels.