According to the latest version of the Bitfinex Alpha report, Bitcoin (BTC) reached $ 91,341.25 on February 3, with President Donald Trump on February 3.
Bitcoin increased rapidly earlier this year, exceeding 10 % in January, reaching the highest ever $ 109,590 in history, consistent with Trump’s inauguration ceremony. However, the rally was short -lived, and Bitcoin was closed in January and down in early February after being closed for $ 102,470.
Since mid -November, bitcoin has been traded within 15 %, forming two peaks of nearly $ 108,000. Historical patterns suggest that such scopes will be solved within 90 days within 80 days, indicating the possibility of decisive movements in the next few weeks.
Bitcoin reflects the reaction of the US stock market to macro economic development. The S & P 500 index (SPX) formed a similar double -top pattern, and peaked prior to Trump’s inauguration ceremony and recent US tariff announcements.
On January 31, the United States announced a 25 % increase in imports from Canada and Mexico and a 10 % increase in products from China. SPX reacted by 0.5 % down and closed at 6,040.53 because investors have portraites of corporate profits and economic stability.
Bitcoin has experienced a sharper decrease, reflecting its status as a tail risk asset. After reaching $ 106,040 in the daytime on January 31, it fell to $ 91,657 by February 3.
This downward pressure continued on the weekend, but the conventional market remained closed. SPX-Bitcoin correlation has been enhanced, and Bitcoin’s 30-day rolling pearson correlation has reached 0.8 in 5 months.
At the time of news time, Bitcoin is traded for $ 101,631, returning to a six -digit area based on the encryption data.
Economic meaning
Bitfinex analysts estimate that the increase in tariffs can reduce the profit of S & P 500 by 2.8 %, increase the core inflation by 0.7 %, and reduce US GDP by 0.4 %. Ingredients and consumer discretionary sectors, especially companies with North American supply chains are expected to be most affected.
Despite the macroeconomic sensitivity, bitcoin shows resilience in a higher time frame. Wide risk assets are facing corrections, but bitcoin maintains a structural support level.
In January, 9.4 %, the conventional stock market showed a more slow rise.
Bitcoin and shares branched after the Republican victory in the November 2024 election. S & P 500 declined first before rebounding to a new high price. Bitcoin, which had been traded for nearly $ 67,000 at the time of the election, has surged over $ 100,000 and maintained its strength until January.
Bitcoin has experienced recent pullbacks, but has maintained a rise in price levels exceeding the main historical resistance. This suggests continuous adoption and macro positioning, despite short -term volatility.
At the time of reporting 11:03 pm, February 3, 2025Bitcoin is ranked first in market capitalization, and the price is rising. 3.91 % Over the past 24 hours. Bitcoin’s market capitalization is $ 2.02 trillion, and the 24 -hour transaction volume is $ 1186.2 billion. See the details of bitcoin ›
At the time of reporting 11:03 pm, February 3, 2025The Crypto market is $ 3.36 trillion, and the 24 -hour volume is $ 372.09 billion. Bitcoin’s advantage is currently 60.09 %. Crypto Market Details ›
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