The cryptocurrency market has recovered after the recent decreases, as the United States and Mexico agreed to delay the new customs tariff for one month.
Earlier in the day, Bitcoin witnessed one of the most volatile trading days as the pressure of the fresh macro economy shook the cryptocurrency market.
However, the latest development BTC on the $ 98,000 brand at the time of writing this report.
Other major currencies also improved after developing Mexican tariff news.
The total market value of encryption, which was steadily decreased since February 1, has decreased more than 8 % today to reach the levels that were last seen in November 2024.
At the time of writing this report, the maximum market settled around the brand of $ 3.26 trillion.
Total encryption references reached more than $ 2.3 billion today for per Coinglass data, however, by by Bybit, experts estimated that the actual number may range from 8 billion to 10 billion dollars.
The feeling of dangers was reported through the encryption market, as it is clear from the Fear and Granding Index, which witnessed one of the largest decrease in one day, as it decreased 16 points to 44 points, and the lands of fear entered.
This feeling continued during most Asian trading hours, but it was reduced by the end of the trading day with the stability of market conditions.
Bitcoin fell to the lowest level within the day 92,460 dollars
Bitcoin decreased to $ 92,460 today, which extended to extend the crash of the previous day that US President Donald Trump led to a new tariff for Canada, Mexico and China.
According to the executive order of the forty -seventh president recently, starting from February 1, the United States will impose a 25 % tariff on imports from Canada and Mexico and 10 % on Chinese goods.
Customs duties are implemented as this to protect local industries, but it can enhance the US dollar by reducing the trade deficit and increasing the demand for currency with the possibility of increased inflation with high import costs.
This inflationary pressure may delay the expectations of reducing the federal reserve rate, making interest rates high for a longer period.
Usually the most powerful dollar and the highest rate of bitcoin pressure and other risk assets.
With Bitcoin’s decrease, the successive filtering effect has accelerated the decline, as more than $ 465 million in BTC financial leverage sites has been eliminated during the past 24 hours.
The majority – 389 million dollars – were long qualifications, forcing the budget merchants to close positions and intensify the pressure pressure.
Will Bitcoin return?
In the aftermath, Bitcoin has managed to find support about $ 91,000 during early Asian trading hours, and since then a $ 100,000 level has been re -testing that has been a major support level.
The recovery is likely to be driven by the closure of the CME Bitcoin Futures gap above $ 98,000, as the Rekt Capital analyst noted.
This gap was created due to a decrease in the weekend in Bitcoin while the CME FUTERES market is closed, leaving the prices between its last trading price and the immediate market.
Such gaps often act as a short -term price magnet, as BTC usually moves to “fill” it once the trading resumes.
Meanwhile, another bullish stimulus preferred Bitcoin’s recovery is the Trump agreement to postpone the customs tariffs on Mexican goods for one month, which reduces immediate commercial tensions.
This development helped in pruning early losses from Bitcoin and its decline in about $ 100,000, as the market is temporarily uncertain.
With Bitcoin’s attempt to recover over $ 100,000, the encryption market should witness some short -term relief, although some experts warn that it has not occurred to its danger yet.
According to economists Alex Kerger, Bitcoin remains in danger because aggressive customs tariffs can weaken the economy and stop risk.
If commercial tensions are escalating with strong revenge, the markets may face prolonged uncertainty, while maintaining bitcoin under pressure despite their short -term recovery.
However, commentators in the other market are speculating that current commercial wars can put Bitcoin in a large gathering.
Among them was Jeff Park, the head of the alpha strategies in BitWise, who believes BTC Price will “violently up” in the long run.
He argues that although customs tariffs may initially strengthen the US dollar, it will eventually contribute to high inflation, low return on US government securities and currency, which causes investors to search for alternative assets for the value store such as Bitcoin.
At the time of the press, the bitcoin price was at $ 98,997, an increase of 0.3 % over the past 24 hours as the momentum seemed to return.
The highest altcoins recovery
Altcoins has suffered from much more severe losses than Bitcoin, but the post -market reaction to the Trump delay tariff has closed the recovery, as many of the most prominent Altcoins spread double -number gains in the late Asian trading hours.
The Altcoin season index remained forty years old as shown last week, indicating that BTC is still the dominant force in the market.
Senior winners for today are:
Liquid
HyperLeliquid (HYPE) led the highest gains among the 100 largest encryption assets in the market.
source: Coinmarketcap
Altcoin rose to 12.1 % to the highest level during the day of $ 25.36 on February 3 while recovering from most of the losses seen during the previous day.
Its ceiling on the market amounted to $ 8.5 billion, while the daily trading volume was hovering more than $ 595 million.
Today’s gains were driven by the emergence of excessive liquid height.
According to Defillalama data, the project is the largest player in the permanent, permanent, decentralized trading market, as the trading volume for 24 hours exceeds 16.5 billion dollars and a total of seven days amounting to about 59 billion dollars.
HYPE also increased as trading fees on the platform witnessed an increase in trading volume today to the highest level in 14 days at 3.82 million dollars.
Dex
Over the past day, Dexe (Dexe) gathered by 11.2 % to the highest level in 48 months at 23 dollars with the maximum market raised to $ 1.3 billion.
The daily trading volume in Altcoin increased by more than 150 % to approximately $ 57.2 million at the time of the press.
source: Coinmarketcap
The main catalyst that leads its last gains is the developments of multiple ecosystems.
This includes the launch of the Dexe Protocol on Ethereum. Integration has brought more than one billion dollars from DEXE’s distinctive symbols to the project via Dexe Dao.
Other recent developments include the DAO locked that offers Staking features for DAOS, and the setting of the DAO project for the project.
Investors have also been interested in the distinctive symbol before the next launch of Dexe DAPP V2.
mascot
Mantra increased by 8.6 % during the previous day to $ 5.65, slightly lower than the highest level from the year to a date of $ 5.9232 and 50 % higher than it started this year.
Lee’s annual day gathering to reach more than 3,800 % with the maximum market more than $ 5.6 billion.
source: Coinmarketcap
The main driver behind today’s gains is the addition of the Republic as an interest for the project.
Republic is a famous company in the encryption space, with the support of companies such as Binance and Coinbase, and it provides validation services such as SUI and a protocol near the protocol.
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