Bitcoin Dips Below $91K Amid Global Trade Concerns, But Long-Term Optimism Persists
Bitcoin’s price dipped to just above $91,000 on February 3, hitting a local low before recovering to around $95,000.
This sharp drop reflected its growing vulnerability to global economic shifts, particularly in the wake of President Trump’s recent trade policy moves.
After Trump signed an executive order imposing tariffs on goods from China, Canada, and Mexico, Bitcoin’s value dropped to a three-week low of $91,530.
This downturn was partly driven by mounting concerns of a global trade conflict, which had investors pulling back from riskier assets, including cryptocurrencies. Analysts like Ryan Lee from Bitget Research noted that while Bitcoin was once seen as a safe haven during market turbulence, it is now increasingly reactive to geopolitical tensions and economic decisions.
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The tariffs, combined with promises of retaliatory actions from the affected countries, created a climate of uncertainty that fueled a sell-off in riskier markets. Bitcoin’s volatility seems to align with earlier forecasts of a local peak above $110,000 in January, followed by a correction.
Bitcoin’s current price movements are also being analyzed in relation to global liquidity trends. Some experts, like Raoul Pal, believe that Bitcoin may drop below $70,000 in the short term if liquidity remains low, despite long-term predictions for significant gains.
Despite the recent dip, some experts remain bullish on Bitcoin’s potential, with projections for its value in 2025 ranging from $160,000 to over $180,000, as the cryptocurrency is increasingly seen as a hedge against inflation and economic instability.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
