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Both Canada and Mexico have agreed to implement policies to stop the flow of illegal drugs and immigration into the US after a phone call with US President Donald Trump. Crypto markets sharply rebounded after US President Donald Trump agreed to put a temporary hold on proposed tariffs aimed at Canada and Mexico as negotiations with the countries continue. In a Feb. 3 statement on X, Canadian Prime minster Justin Trudeau said that after a phone call with Trump, the 25% tariffs would be paused for at least 30 days and the two countries would work together. Trudeau says Canada would be enhancing “coordination with our American partners” by implementing a $1.3 billion border plan, including appointing a Fentanyl czar, listing cartels as terrorists and reinforcing the US-Canada border with helicopters and more personnel. Mexico’s tariffs have also been paused for a month. Mexico President Claudia Sheinbaum said in a Feb. 3 statement to X that the two leaders had “reached a series of agreements,” with a similar promise of reinforcing the land border shared between the two countries. “Our teams will begin working today on two fronts: security and trade. They are pausing tariffs for one month from now,” Sheinbaum said. In a Feb. 3 interview with Bloomberg TV, Trump said the US and Mexico have not “agreed on tariffs yet” and they could still go into effect. Bitcoin and altcoins rebound Following the string of announcements by world leaders, the crypto market has been steadily climbing. Bitcoin has increased has crossed over the 100,000 threshold to $101,731, after hitting a low of $92,000 the day before, according to CoinMarketCap. Meanwhile, CoinMarketCap shows Ether has also performed better compared to Feb. 2. The second-largest cryptocurrency by market cap reached a low of $2,451, but it has since climbed back to $2,880. The Crypto Fear & Greed Index, which measures market sentiment for Bitcoin and other cryptocurrencies, has also seen an uptick, crossing over into greed territory with a score of 72 out of 100 after previously being in fear. The crypto Fear & Greed Index score has risen on the news that tariffs on Canada and Mexico have been paused. Source: Alternative.me Pav Hundal, lead market analyst at crypto exchange Swyftx says the recent developments could pave a path to new all-time highs. He said most of the outflows yesterday were a flight from uncertainty, and that the pause on tariffs has left investors somewhere between relieved and cheerful, leading to a “complete recovery in many digital assets.” “If the shadow of tariffs continues to recede, and it is a big 'if,’ all you’re really left with is good news and economic data that you can at least hedge against,” he said. “I like Bitcoin’s chances of hitting new all-time highs very quickly in a world where the tariff threat is low, and the US policy environment is so accommodating,” Hundal added. Sean Dawson, head of research at decentralized protocol, Derive.xyz told Cointelegraph that despite ongoing trade tensions, there’s potential for a recovery, especially after the pause on tariffs and executive order directing the US government to create a sovereign wealth fund. “Trump’s Executive Order to establish a sovereign wealth fund under the Treasury and Commerce departments could signal bullish sentiment for the digital asset space,” he said. “This is particularly relevant as Commerce Secretary nominee Howard Lutnick has been a strong advocate for the industry.” Cryptocurrency prices had plummeted only a day earlier, on Feb. 3, after Trump announced potential tariffs on goods from China, Mexico and Canada. Some estimates suggested up to $10 billion of worth capital was liquidated from the markets. The Feb. 1 executive order imposing the tariffs on Mexico and Canada also slapped China with a 10% tariff. Chris Chung, founder of Solana swap platform Titan, told Cointelegraph he thinks the bloodbath that followed after the tariffs was an overreaction from the market because “digital transactions aren’t tariffed,” and the new has “little direct impact on cryptocurrency.” In the long run, if the tariffs are here to stay, Chung says he expects they will likely attract more inflows into digital assets in the long term because most of the crypto ecosystem is USD-based. “As people’s home currencies, like the Canadian dollar, plummet against the US dollar, we will see more inflows into both USD-denominated stablecoins and crypto assets like Bitcoin and altcoins,” he said. “And if the tariffs cause inflation, as many fear they will, then even US investors will seek refuge in cryptocurrency,” Chung added.

🐻 Crypto crash triggered by TradFi events, not insiders — Wintermute CEO 🟡 The market crashed today following Trump's executive order imposing import tariffs on goods from China, Canada, and Mexico. 🟡 Over $2.24 billion in crypto was liquidated within 24 hours. 🟡 Bybit CEO Ben Zhou estimated actual liquidations at $10 billion — five times higher than previous figures! According to Evgeny Gaevoy, CEO of Wintermute, the crypto market is now directly linked to global economic events: Understanding that our little crypto market is now very directly linked to the real world outside […] is pretty essential to being a (more) successful trader. But sure, you can ignore this information and choose to believe in a Wintermute + Binance conspiracy. ❕ Who is Wintermute? Wintermute is one of the largest crypto market makers, providing liquidity across exchanges and OTC markets. They help maintain market efficiency, but during downturns, their large sell-offs can contribute to selling pressure. ❕ Traders once again blamed market makers for the crash, but Wintermute responded: We don’t hunt for stop losses. Maybe we should – my perception was always that it is a fairly risky business, so we managed quite well without. ❕ Fact: Market makers have previously increased selling pressure. In August 2024, the top five market makers sold 130,000 ETH worth $290 million, accelerating Ethereum’s drop from $3,000 to below $2,200. What do you think? 👍 — The crash was due to market makers' manipulation 🔥 — The crash was caused by global economic events 😎 — Both statements are true$BTC

1: Increased business costs: If certain enterprises rely on imported raw materials or products, higher tariffs will increase production costs, affecting factory profits. 2: Consumer spending decreases: Increased tariffs lead to higher import prices, resulting in reduced consumer spending. From both the perspective of enterprises and consumers, increasing tariffs will cause market fluctuations and bring uncertainty to the economy. So why did global stock markets and the cryptocurrency market both decline due to economic impact? 1: Whether it's the cryptocurrency market or the stock market, its price trend will fluctuate due to macroeconomic and market sentiment. 2: After the increase in tariffs, there is uncertainty in the global economy. Many investors will reduce the proportion of risk investments in order to avoid the short-term macroeconomic impact on the market and the loss of funds. They will transfer investments such as Bitcoin to more stable markets, causing short-term liquidity tension and market decline. 3: Imposing tariffs has been a common practice for Trump, as it was during his previous term. Tariffs intensify the impact on global trade and also drive the strength of the US dollar. When the US dollar strengthens, it leads to a reduction in cryptocurrency investors, resulting in a temporary decline in Bitcoin prices. 4: Market panic, you run, I run, he follows, you cut, I cut, he follows, short-term scaring oneself, causing panic selling and market stampede. 5: El Salvador, the world's first Bitcoin-legal tender country, has abandoned its final faith and caused a market impact. 【Short-term data objectively analyze the reasons why the bull market is not over】 The exchange's inventory data hit a new low for several years, indicating limited bearish supply. During the decline of Ethereum, only retail investors in the market sold off their chips, while whale accounts bought Ethereum during the decline and transferred it to off-exchange wallets, holding it for the long term with some expectations for the future market. 2: Recently, ETF data has remained in a state of inflow, with only a few days of small outflows each month, and the overall inflow of funds far exceeds the outflow. Currently, the buying volume of funds on the Ethereum chain has exceeded that of Solana by four times, making it the target with the largest capital inflow at present. With the unlocking of a large amount of Solana in the next three months, the on-site capital rotation has gradually laid ambush for Ethereum in advance, which is more conducive to the rise of Ethereum and the promotion of altcoins. In the past 48 hours, 1.5 million people have been liquidated. Currently, the number of short positions is 10 times that of long positions, so the downward space is limited and the opportunity is greater than the risk. The large number of short positions on the upper side will not make it easy. 5: In the past, the bull market was driven mainly by the halving every four years. This time, the bull market ETF will change the bull market pattern by allowing global capital to enter and policy intervention. Bitcoin is gradually becoming legalized and its global status is gradually surpassing gold, so the bull market no longer needs to wait for four years, and there will no longer be a 70-80% drop during the bull-to-bear transition. In summary, the main funds did not show selling pressure and continued to buy, and the giant whales continued to lay out to prepare for the Ethereum Prague upgrade. Currently, there are no problems with both funds and fundamentals. The biggest problem is the panic of retail investors caused by increased tariffs, which is only temporary. The latest news is that Trump has slowed down the discussion of tariff issues with multiple leaders, and currently the altcoins are severely undervalued and there is no need to worry. The bull is still on the way 🐮 2025 is just beginning, bring out the best state, continue to move forward, come on, fellow travelers!

On Saturday (2.1), Trump signed an executive order imposing a 25% tariff on steel and a 10% tariff on China. Immediately after the weekend, the cryptocurrency market turned bearish, and the btcdaily candlestick is currently in a downtrend. However, the daily candlestick has already had three consecutive declines, so it is not suitable for chasing short positions. A short position can be taken if it retraces to 10,000-10,270. sol always adjusts one step before btc, and the rebound from the bottom will also be one step ahead. The daily candlestick macd is about to return to zero. The 202.25-196.85 area is generally strong for a rebound, with the maximum resistance range between 223-227. Recently, the market is still mainly dominated by bears, and many people even pessimistically believe that the bull market has ended and officially entered a bear market. Indeed, the short-term market is not ideal, and the difficulty has increased. However, the bull market has not ended, and the faith in the long-term cycle of BTC is unshakable. Although the imposition of tariffs is bearish, it only has a short-term impact, and the market has strong digestion capability. In 2017, Trump also imposed a 10% tariff on China, and the price of $BTC soared from $1,000 at the beginning of the year to $20,000 in mid-December. (December 2017 was the highest point of the second halving cycle of BTC, reached 17 months after the halving day). Short-term needs to endure. There will be two more interest rate cuts within the year, which is the time for the rise of the bulls. However, after the last interest rate cut is implemented, it will basically be the end of this bull market. #BTC# #ETH# #BGB# #TRUMP#

According to CoinDesk, US President Donald Trump signed an executive order on Monday requiring the Treasury and Commerce Departments to create a sovereign wealth fund. Although the signing ceremony did not mention Bitcoin, the sovereign wealth fund could become a way for…