Crypto markets experienced a sharp rebound after US President Donald Trump agreed to temporarily halt proposed tariffs on Canada and Mexico during ongoing negotiations. Canadian Prime Minister Justin Trudeau announced that the tariffs would be paused for at least 30 days while the two countries worked together to enhance coordination and implement a $1.3 billion border plan. Mexican President Claudia Sheinbaum also confirmed a pause on tariffs for one month while working on security and trade agreements with the US. Following these announcements, Bitcoin and Ether both rebounded in the crypto market.