Bitcoin Price Overview – February 4, 2025

Avinash Puri
3 Min Read

As of February 4, 2025, Bitcoin (BTC) is trading at approximately $99,399 USD, reflecting a positive shift in its value. The cryptocurrency market has witnessed some volatility, with Bitcoin experiencing fluctuations throughout the day. It recently reached an intraday high of $102,591 USD and dipped to a low of $94,258 USD, demonstrating the typical swings seen in Bitcoin’s price history.

Bitcoin’s market capitalization currently stands at around $1.97 trillion, with a 24-hour trading volume of about $79.85 billion. These figures show the continued importance and liquidity of Bitcoin, even as the broader crypto market remains volatile. This price surge and fluctuation illustrate the ongoing influence of both global events and investor sentiment on the value of Bitcoin.

Over the past 24 hours, Bitcoin’s price has fluctuated within a $8,000 range. Such changes are not unusual in the cryptocurrency space, where prices are affected by a variety of factors. One key event recently impacting Bitcoin’s price was an announcement from former President Donald Trump regarding new tariffs on goods from several countries, including Canada, Mexico, and China. This announcement caused Bitcoin’s price to initially drop, with Bitcoin briefly falling below $92,000 USD. However, after Trump paused the tariffs for Canada and Mexico, Bitcoin’s price quickly recovered, climbing back above $100,000 USD.

Bitcoin’s ability to rebound from such events highlights its resilience and growing influence as a store of value, akin to traditional assets like gold. Bitcoin has long been seen as a hedge against inflation, and its role in global finance is becoming more significant, especially with increasing institutional adoption. As more companies and investors embrace Bitcoin, its volatility continues to be a key consideration, but so does its potential for significant returns.

In conclusion, Bitcoin’s performance on February 4, 2025, is a reflection of its ongoing volatility, but also its growing place in the financial world. Whether it is influenced by geopolitical factors, regulatory decisions, or market trends, Bitcoin continues to be a major force in the digital currency landscape.


 

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