New trade agreement boosts cryptocurrency prices. Bitcoin and Ripple surge after tariffs suspension between Canada and the USA. Stay updated with real-time digital currency prices.
According to Justin Trudeau, the Prime Minister of Canada, new trade tariffs between the United States and Canada have been suspended for 30 days. Following this news, the price of Bitcoin (BTC), which had dropped to less than $92,000, started to rise. Recently, threats of new tariffs against Canada, Mexico, and China had caused turmoil in financial markets. The temporary halt of the trade war between the US and its neighbors has positively impacted major cryptocurrencies like Bitcoin and Ripple (XRP). However, concerns remain if the new tariffs are reinstated after a month, it could adversely affect the crypto market.
