"Bitcoin ๐ reached an all-time high of $109,588 in January 2025 ๐, followed by a low of $89,256.69 within the same month ๐. As of February 2, 2025, BTC is trading near $98,541 and exhibiting bearish patterns ๐.
Recent developments have significantly impacted the cryptocurrency market. President Donald Trump ๐บ๐ธ has imposed tariffs of 25% on imports from Canada ๐จ๐ฆ and Mexico ๐ฒ๐ฝ, and an additional 10% tax on Chinese ๐จ๐ณ goods, effective from Tuesday.
These actions have led to increased market volatility, with many cryptocurrencies, including Pepe ๐ธ, Doge ๐, Shiba ๐ถ, 1000Sat, and ASTR, returning to their August 2024 price levels. This scenario presents potential opportunities for both spot and future traders ๐ฐ; however, it's crucial to select crypto assets wisely ๐ฏ.
Utilizing data from BTCโs recent performance can aid in analyzing support and resistance levels, facilitating more informed trading decisions."**
*Note: Always stay updated with the latest news and conduct thorough research before making any trading decisions.*