#MarketPullback $BTC Market Analysis: February 4, 2025
Current Market Overview
As of February 4, 2025, $BTC (BTC) is trading at $102,032, reflecting an increase of approximately 3.89% from the previous close. The day's trading range has seen a low of $91,995 and a high of $102,032.
Recent Market Movements
Bitcoin recently experienced a significant decline, dropping to a three-week low of around $91,500. This downturn was primarily influenced by geopolitical developments, notably the announcement of new tariffs #DonaldTrump . The U.S. imposed a 25% tariff on imports from Canada and #Mexico and a 10% tariff on #Chinese goods, leading to concerns about a potential trade war and its inflationary effects. These developments