On February 3, Bitcoin fell to the lower end of its range but rebounded sharply, hitting $99,700 due to strong buying interest. Market dynamics were influenced by U.S. tariffs imposed by President Trump, with analysts like Jeff Park indicating that these tariffs might weaken the U.S. dollar and elevate Bitcoin's value significantly. The S&P 500 Index showed signs of struggle at resistance levels, while the U.S. Dollar Index faced profit booking after attempting to break higher. Bitcoin saw aggressive buying after dipping near $90,000. In contrast, Ether and XRP faced declining trends, with XRP dropping below key support levels. Solana, Dogecoin, and Cardano also faced selling pressure, but buyers entered at lower levels, suggesting possible support zones. Future price movements depend heavily on both resistance at major retracement levels and overall market sentiment during this period of high volatility.

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