Bitcoin’s price fluctuated below $100,000 on February 4 due to renewed U.S.-China trade tensions. The currency initially rose after news of delayed U.S. tariffs but fell when China retaliated. Analysts anticipate ongoing volatility in the market as external economic factors come into play.

On February 4, Bitcoin (BTCUSD) fell below the $100,000 mark following renewed concerns over trade tensions between the United States and China. Data from Cointelegraph Markets Pro and TradingView indicated that Bitcoin’s value dropped approximately 3% since the daily open. Initially, BTC experienced a surge after news broke that U.S. tariffs on Mexico and Canada would be delayed.

The ongoing trade disputes between the United States and China significantly impact market dynamics, including cryptocurrency valuations. The initial optimism surrounding U.S. tariffs subsiding momentarily boosted Bitcoin’s price, only for it to face challenges with China’s retaliatory measures. The cryptocurrency market remains inherently volatile, affected by various geopolitical events and economic policies.

In summary, Bitcoin’s recent volatility underscores the interplay between international trade policies and cryptocurrency valuations. The market’s response to the shifting tariff landscape illustrates the challenges cryptocurrencies face as external factors influence investor sentiment. As traders remain cautious, the developments in U.S.-China trade relations will continue to shape Bitcoin’s trajectory.

Original Source: www.tradingview.com

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