Bitcoin dropped below $100,000 on February 2 due to President Trump's tariffs on imports from China, Canada, and Mexico. Analysts warn that these tariffs could lead to higher interest rates, adversely affecting market sentiment and cryptocurrency prices. Key support levels are being closely watched, with Bitcoin likely to test the $97,000 support level. If it falls below this, a drop to $90,000 may occur, suggesting that traders are taking profits. The analysis indicates that while the long-term outlook for Bitcoin remains positive, the short-term scenario is uncertain. Other cryptocurrencies are also affected; for instance, MANTRA is facing resistance at the $6 mark, while Monero needs to maintain support around the $219 level. Gate Token is attempting to stay above $20.80. The market is wary but also sees potential for rallies if certain resistance levels are crossed.

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