Crypto Daybook Americas: FX Markets Signal Bitcoin Upside Amid Tariff-On/Tariff-Off Trading
The Crypto Daybook for February 4, 2025, highlights how recent tariffs announced by President Trump have influenced market volatility, specifically in Bitcoin (BTC) pricing. After an initial drop to nearly $91,000 due to retaliatory tariffs from Canada and Mexico, BTC rebounded above $100,000 when Trump paused tariffs on Mexico, suggesting potential investments in BTC. However, subsequent tariffs from China led to another BTC drop. The AUD/CAD currency pair's slight decline indicates market expectations for a resolution between the U.S. and China, which could lead to BTC recovery. Key macroeconomic reports, including job openings statistics, and significant earnings from companies such as MicroStrategy and Canaan, are on the horizon, potentially impacting market sentiment. The article underlines the volatile nature of crypto investments amid shifting tariff policies and encourages vigilance among traders.
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