Bitcoin rebounds after post-tariff dip; Analyst heralds new ATH in February

The cryptography market experienced a clear power on February 4, Bitcoin passing in front of the $ 102,000 mark after having experienced a clear drop the day before.

Bitcoin (BTC) exceeded $ 102 after reaching a hollow of about $ 91,229 the day before the announcement of the major pricing increases by US President Donald Trump. Michael de Poppe, renowned analyst on the cryptographic market Noted on x The rapid rebound in this bitcoin was expected due to the volatility of the market. He said that a new ATH is probably in February to the state that Bitcoin remains above $ 93,000.

The drop in bitcoin on February 3 was triggered by market fears surrounding Trump’s decision to impose 25% pricing increases in Canada, Mexico and China, which raises concerns about a potential trade war. However, the rebound on February 4 came following Trump’s later decision to temporarily stop tariff hikes in Canada and Mexico after telephone calls with Mexican President and Canadian Prime Minister.

Another probable driver of Bitcoin recovery was the huge Liquidation of speculative bets on February 3. This event marked the worst liquidation of a day in history, even going beyond the terra (Luna) and FTX, according to Miles deutscher cryptographic analyst. While the open sellers rushed to cover their losses, an increase in the purchase pressure has fueled the ascending momentum of Bitcoin, pushing its even higher value.

Finally, the signing of a new executive decree by the American president leading the creation of a Sovereign wealth fundwhich will be led by the US treasure and trade services, could have fueled additional interest in Bitcoin.