Bitcoin rebound after post-tariff dip; Analyst Athhal in February Heralds

Crypto Bazaar enjoyed a sharp recovery on 4 February, proceeded from a $ 102K mark after experiencing a sharp drop a day earlier with bitcoin.

Bitcoin (BTC) climbed above $ 102 after killing the major tariff hike by US President Donald Trump at a low of $ 91,229. Famous crypto market analyst Michael Van de Pope Noted on X A quick rebellion of bitcoin was expected due to market instability. He said that a new ATH is likely to be in February. On the condition that bitcoin remains above the level of $ 93,000.

On 3 February, the decline of bitcoin was triggered by market fears around Canada, Mexico and China’s decision to put 25% tariff hikes on the market fears, which increased the concern over a possible trade war. However, after the phone calls with Mexican President and Canadian Prime Minister, the rebound came on 4 February as a result of Trump’s step to temporarily stop Tariff Hike on Canada and Mexico.

Another potential driver of the recovery of bitcoin was a massive liquidation of speculative stakes on 3 February. The phenomenon marked the worst single-day liquidation in history, even beyond the collapse of Terra (Luna) and FTX. Crypto analyst miles deusherAs small vendors scrambled to cover their losses, a bounce of buying pressure increased the upper speed of bitcoin, pushing its value even more.

Finally, signing one New executive order The construction of a sovereign money fund was directed by the US President, which will be operated by the US Treasury and Commerce Departments, may be more interested in bitcoin.