Bitcoin - Overview as of 03.02.2025

Financial and commodity markets analytics


The cryptocurrency market was not left out of the impact of the new tariffs, announced by US President Donald Trump. Bitcoin, the leading cryptocurrency, fell below the $95,000 mark, due to the general strengthening of the U.S. dollar in the markets and a decline in investor appetite for risky assets. Other cryptocurrencies also experienced price declines, reflecting the general investor sentiment. Given the volatility of the cryptocurrency market, these price fluctuations could continue depending on further developments around tariff policy and the general economic situation. Technically, bitcoin has reached a significant support zone located under the the $92,000 level.