Following expression that President Donald Trump will attempt to negotiate a deal with Mexico and stop the anticipated execution of business tariffs against it, bitcoin and other big assets are on a shock upswing after a terrible day of declines.

The price of Bitcoin rose by nearly$ 4, 000 in the span of an hour as the news started to spread, rising as high as$ 99, 605 before cooling to its current level of$ 99, 000. Later on Sunday, as trade conflict concerns spread quickly and shaken different areas beyond bitcoin, the price of the leading crypto had dropped as low as$ 92, 460.

While Bitcoin suffered a strike, other significant assets suffered even more severe losses over the weekend. XRP started February above the$ 3 mark, but fell as low as$ 2.01 late Sunday. After the news about the Mexican negotiations broke, it exploded sharply, rising by more than 12 % in an hour and reaching a current price of$ 2.62.

Despite also losing 5 % on the day and nearly 14 % on the week, XRP has made up more than half of the earth lost this month.

Other significant coins have also regained some ground following sharp losses in the past day, with Dogecoin recovering from a$ 216 late Sunday low after falling as low as$ 83 on Sunday and Solana moving up to$ 207 at the moment.

Nearly$ 2.4 billion worth of crypto positions have been liquidated over the last 24 hours, per data from CoinGlass—although Bybit CEO Ben Zhou claimed on X ( formerly Twitter ) that those numbers may be well short of reality, based on his platform’s own share of liquidations.

Hispanic President Claudia Sheinbaum announced Monday that she spoke with Trump and agreed on a delay to the U. S. taxes, as well as Mexico’s planned retaliation—and that Mexico does send 10, 000 men to the U. S. borders to attempt to stop illegal cross-border drug smuggling and movement.

Trump stated on his Truth Social system that the nations “agreed to quickly pause the planned tariffs for a one-month period,” in line with discussions with Treasury Secretary Scott Bessent, Secretary of State Marco Rubio, and Commerce Secretary Howard Lutnick. Trump continued that he wants to “achieve a offer” with Mexico.

On Tuesday, planned business tariffs against China and Canada are still in consequence.

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