Bitcoin lost the level of $ 100,000, and Altcoins continued to decline. Will OM, XMR, MNT and GT lead the recovery?
Bitcoin (BTC) fell to less than $ 100,000 on February 2 after US President Donald Trump imposed a tariff on goods imported from China, Canada and Mexico on February 1. Increased import tariffs may increase inflation, which risk high interest rates. This in turn can lead to a feeling of risks, which harms encrypted currency prices.
Ryan Lee, chief analyst in Bitget Ryan Lee Research, expects to correct Bitcoin $ 95,000, a decisive support according to him. Some analysts see the current decline as a potential bear trap. Famous analyst Axel Kibar wrote in a post on X that expectations of panic and collapse after each correction 1 % does not indicate the top of the market.
Daily encryption market data. source: Coin360
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