Bitcoin bounced back on Monday, February 3, rising above $100,000 once again after falling to nearly $90,000 over the weekend.
The maximum valuable virtual currency on the Global has reached around $102,600 around five p. m.
At this point, the cryptocurrency was up more than 10% from the recent low of close to $91,000 it attained on Sunday, February 2, additional Coinbase figures from TradingView show.
When explaining the newest digital value movements of digital assets, analysts have cited several factors, adding recent price announcements, source source dynamics, and also have an effect on speculative bets under liquidation.
An observer of the market that weighs those advances is the influencer Tiktok that goes through Wendy O.
“Over the weekend, President Trump announced costs in Mexico, Canada and China,” he said by email. “Given that this has been announced on 2/1/2025 on Saturday, it has been a lot of concern for crypto investors about how it may have an effect on classic markets. “
“Many, adding BlackRock, have said that Bitcoin is an ideal asset, volatile periods of economic uncertainty, similar to gold,” he said.
The analyst also highlighted the adjustments in the leverage, presenting the knowledge provided through the Coinglás of the cryptographic analysis platform.
“According to CoinGlass most traders took a long position and out of the historic $2.2B liquidations, ~$1.5B longs were liquidated while gold hit an all-time high,” Wendy noted.
“This indicates that Bitcoin investors would have hoped that Bitcoin will continue with the bullish action, since doubtful economic situations can also occur on Monday due to Trump’s values lists (similar to gold). “
“However, the 25% tariffs placed on Mexican imports has been paused for the next 30 days which could indicate less volatility,” she stated, emphasizing today’s announcement that President Donald Trump was postponing tariffs on Mexico until early next month.
The markets also learned today that Trump was making plans to suspend the Canadian costs he had announced the weekend after talking to Prime Minister Justin Trudeau.
Some analysts who have submitted comments for this article have a higher Bitcoin today, which is predictable given the existing market conditions.
“Bitcoin’s recovery to $100K and above is no surprise—it’s simple supply and demand,” Cory Klippsten, CEO of Swan Bitcoin, said via emailed comments.
“Institutions, the sovereign wealth budget, and others know the inevitable decline of the fiduciary and move on the most productive cash ever invented,” he added.
“Weak hands have been sold in the recent sauce, but strong headlines intervened, accumulating stronger,” Klippsten said. “Meanwhile, global uncertainty pushes more other people to withdraw from Fiat failure. This is just the beginning.
Tim Enneking, managing partner of Psalion, also weighed in.
“Today’s rebound just a resumption of absurd decrease yesterday,” he said by email.
“In peak cases, the correlation with safe fiat markets works opposite to Bitcoin; Yesterday, if the U. S. inventory markets were to be in the U. S. UU. Se they had opened, it would have worked a lot in favor of BTC,” Enneking said.
“The drop on Sunday hit ridiculous proportions because there was nothing to slow it down and fear totally dominated greed; the drop only slowed once Asia markets had opened and had totally reversed several hours after US markets had done the same,” he stated.
“Therefore, billions of long positions have destroyed and the point of knowledge created for other people who plan to invest in the cryptography ecosystem,” Enence concluded.
Alex Lin, co-founder and general spouse of venture capital firm Reforge, also weighed in, noting interest from crypto buyers.
“BTC’s rebound above $100,000 after its weekend lows points to a significant supply squeeze,” he wrote through emailed comments.
“In recent days, retail investors have capitulated due to fears introduced through the titles of the Trump industry. However, the wonderful players and establishments took advantage of the DIP to accumulate, as shown in the Bitcoin Premium Coinbase index , which indicated a great demand for buyers with a remarkable premium, “Lin said.
“This activity underscores BTC’s resilience and suggests potential bullish momentum, especially as confidence in the broader market outlook remains strong,” he added.
Disclosure: I have some bitcoin, effective bitcoin, litecoin, ether, eos and sun.
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