Bitcoin News: BTC under pressure as China’s tariff leads to a decrease in prices by 2.5 %

Bitcoin fell to less than $ 100,000 for the second day in a row after the Chinese retaliatory definitions against the United States have been suspended on its vibrant recovery after early crash.

After the collapse of approximately 10 % and stabilized about 92 thousand dollars on Monday, Bitcoin witnessed a rapid recovery that returned it to more than $ 100,000 on Monday evening after Canada, and Mexico, and the United States agreed to a 30 -day endowment on the Trump tariff.

Coinmarketca: Bitcoin worked on Tuesday 4 February

However, the United States did not extend the definitions that stop temporarily to China and the Asian economic giant responded By imposing revenge fees of 10 % and 15 % on American products such as coal equipment, oil, natural gas and agriculture.

It was re -declared that fear and uncertainty between encryption investors.

Although it was not impressive enough to impose $ 2.2 billion encryption deals, it was sufficient to recover BTC and paid its price to less than 98,000 dollars during Tuesday morning deals on the Asian market.

Risk mood controls the encryption markets

Bitcoin investors were largely optimistic about the long -term effects of Trump’s presidency on the old currency and the market in general.

This optimism is evident through the extreme feelings of greed in the encryption community and bitcoins to the highest new level ever of 109,114 dollars.

However, they are also careful about the impact of Trump’s statements and his executive orders Bitcoin price in the short to medium term.

In the reaction, the encryption investors turned towards the safest encryption investments such as Bitcoin, which effectively prompted its hegemony to 2021 levels early – above 60 %, after increasing up to 4.58 % in the past 24 hours.

CoinmarketCap: Bitcoin hegemony

Over the past two days, the comprehensive references have been injected by fear and cautious trade between bitcoin investors.

For example, during the past 24 hours, approximately $ 500 million of encryption deals have been filtered.

Coinglass: The heat of the encryption market heat map

This adds to More than 2.2 billion dollars scored on monday. Cautious trading activity witnessed the contraction of the Crypto Daily market trading with more than 32 % to $ 277 billion.