Bitcoin recovers more than $ 100,000 after a sharp drop this week

Bitcoin wore on Monday, February 3, when it rose more than $ 100,000 again after decreasing to about $ 90,000 during the weekend.

The most valuable digital currency in the world reached about 102,600 dollars close to 5 pm EST Coinbase data from TradingView.

At this stage, the cryptocurrency increased by more than 10 % of the last minimum of nearly 91,000 dollars on Sunday, February 2, additional Coinbase numbers of Tradingview Show.

When explaining the latest price movements of digital assets, analysts cited several factors, including recent tariff ads, demand dynamics, as well as the effect of speculative bets.

One of the observers on the market that weighing these developments is the tiktok that passes Wendy O.

“During the weekend, President Trump announced definitions of Mexico, Canada and China,” I noticed via email. “Since this was announced on 2/1/2025, on Saturday, this has caused a lot of fear of encryption traders about how this affects traditional markets.”

“Many, including Blackrock, have indicated that bitcoin is one of the ideal assets during the volatile times of economic uncertainty, similar to gold,” she confirmed.

The analyst also emphasized sharp changes in the positions learned, citing the data provided by the Crypto Analysis platform Coinglass.

“According to Coinglass, most merchants occupied a long position and among the historical references of $ 2.2 billion, a period of approximately $ 1.5 billion has been filtered while gold has reached the highest level ever,” Windy pointed out.

“This refers to Bitcoin merchants, they may have expected Bitcoin to continue in the upscale work, as unconfirmed economic conditions could have occurred on Monday due to the Trump tariff (similar to gold).”

“However, the 25 % definitions have been stopped on Mexican imports for the next thirty days, which could indicate less volatility,” stressed today’s announcement that President Donald Trump was delay Definitions on Mexico until early next month.

The markets also discovered that Trump was plans to stop the Canadian definitions that he announced during the weekend after her conversation with Prime Minister Justin Trudeau.

“No surprise”

Some analysts who submitted inputs of this article have increased today in Bitcoin prices seem expected given the current market conditions.

“Bitcoin’s recovery to $ 100,000 and above is not surprising – it’s the offer and simple demand,” BitcoinHe said via the comments via email.

He added: “The institutions, sovereign wealth funds and ordinary people are aware of an inevitable decrease and the move to the best money that he invented ever.”

“The weak hands were sold in the last decline, but the holders of the powerful intervened, and the accumulation of more strongly,” Kalston stated. “Meanwhile, universal uncertainty leads more people to cancel the participation of failure. This is just a beginning.”

ENNEKING, Administrative partner of psalmAlso weighed in.

“The recovery of today was merely a recovery from the decrease in tampering yesterday.”

“In most cases, the relationship works with some FIAT markets against Bitcoin; yesterday, if our stock markets were open, I have worked a lot in favor of BTC.”

“The decline on Sunday reached ridiculous dimensions because there was nothing to slow down and fear is completely dominated by greed; the markets stated,” The slow decrease only once the Asian markets were opened and completely reversed after several hours of the action of American markets.

“Therefore, billions of long situations and another data point were eliminated for people who are considering investing in the ecosystem for encryption,” ENNEKING concluded.

“Click supply”

Alex Lane, founder and general partner at the Investment Capital Company ReforgeAlso weighed, with highlighting the strong interest of the encrypted currency buyers.

He wrote through the comments via e -mail: “BTC recovery over $ 100,000 after its lowest levels on the weekend indicate great pressure.”

“During the past few days, retailers have surrendered due to the fears raised by Trump’s commercial addresses. However, players and major institutions have benefited from the decline in accumulation, as shown in the Coinbase Bitcoin Premium, which referred to a strong demand for the buyer with a noticeable allowance.”

“This activity confirms the flexibility of BTC and suggests a potential upward momentum, especially since confidence in the wider market expectations is still strong,” he added.

Disclosure: I own some Bitcoin, Bitcoin Cash, Litecoin, Ether, EOS and Sol.