As the global risk appetite sees a gradual improvement, Bitcoin has managed to recover and reclaim its position at $100,000. On February 3, 2025, the cryptocurrency market witnessed a turbulent day, particularly for alternative coins, which experienced severe drops. However, Bitcoin enthusiasts found some relief in the currency’s resilience.
Bitcoin, which had plunged to a low of $91,441, demonstrated its tenacity by fighting its way back to the significant $100,000 mark. This recovery was significantly influenced by an improved global risk climate.
The risk mood received a positive boost following the decision by Mexico and the United States to suspend their tariffs for a month. This stabilization has maintained its course, despite the uncertainty regarding a similar agreement on Canadian tariffs.
Simultaneously, the Nasdaq managed to cut back its decline to a mere 0.4% after initially plummeting more than 2% during the overnight lows. The S&P 500 had a reduction of just 24 points.
The real question that remains unanswered is whether Trump prioritizes the stock market more than the trade deficits.
