Crypto Market Rises As Trump Halts Tariffs On Canada, Mexico

The crypto market showed positive signs after U.S. President Donald Trump suspended tariffs on Canada and Mexico, easing investor concerns.

Eric Trump posted on X that February 3 was the perfect time to invest in ETH, though he later deleted the phrase "You can thank me later."

The market had suffered a sharp drop on February 2-3 following Trump's proposed tariff plan. Ether plunged 16 in just one hour, hitting a low of 2,368.

Eric Trump's post came after the market had already rebounded to 2,700, thanks to his father's decision to delay the tariffs. ETH peaked at 2,913 before settling at 2,806.

The Trump family's financial firm, World Liberty Financial WLF, executed significant cryptocurrency transactions.