PANews reported on February 3 that according to Forbes, Jeff Park, head of strategy at Bitwise Alpha, said that tariffs may only be a temporary tool, but the long-term conclusion is that Bitcoin will not only go higher, but also go faster, because "both sides" in the trade imbalance equation want Bitcoin, so the final result is the same: higher prices and faster speeds.
Petr Kozyakov, CEO of crypto payment platform Mercuryo, pointed out that after Trump announced the tariffs on Friday, a wave of FUD swept the cryptocurrency market, and the prospect of long-term interest rate hikes shook all markets around the world. Although Bitcoin has fallen below the $100,000 mark, the king of cryptocurrencies has once again proved itself to be unique, in stark contrast to the altcoins that have fallen across the board. Bitcoin plunged to just over $91,000 overnight, with a minimum drop of nearly 10%, and then rebounded to around $95,000. Other major cryptocurrencies fell even more, with Ethereum falling about 20%, and Solana seemed to perform better relative to Ethereum, falling only 6%.
