The crypto market experienced a sharp recovery on Feb. 4, with Bitcoin surging past $102K after a drop the day before. This rebound was expected due to market volatility, and renowned analyst Michael van de Poppe believes a new all-time high is likely in February if Bitcoin stays above $93,000. The drop on Feb. 3 was triggered by fears of a trade war due to tariff hikes imposed by President Donald Trump, but the rebound came after he temporarily halted the tariff hikes on Canada and Mexico. The recovery may have also been fueled by the massive liquidation of speculative bets and the signing of a new executive order directing the creation of a sovereign wealth fund.



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