PANews reported on February 4 that QCP Capital posted on the official TG channel that the crypto market is still in a roller coaster of volatility. After news that the United States will postpone tariffs on Mexico and Canada for a month, suggesting possible trade mediation, BTC briefly rebounded to $100,000. However, as China retaliated with new tariffs, the BTC price fell back to $98,000, and the relief was short-lived.
In addition, China has launched an antitrust investigation into Google, indicating that China is ready to escalate tensions by targeting major U.S. technology companies. Any resulting sanctions or restrictions could weigh on earnings, posing a significant risk to risky assets.
As BTC climbed toward $100,000 last night, the market also reacted to Trump’s executive order directing officials to create a U.S. sovereign wealth fund. While some see this as a potential source of new demand for Bitcoin, the details remain unclear — especially as to how it will be funded. Currently, trade uncertainty continues to cloud the outlook, and as of March, the options market is currently balanced between puts and calls.
