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02/10 21:40
Bitcoin Price Holds at $97,383 – Can It Rebound Ab
Bitcoin Price Holds at $97,383 – Can It Rebound Above $102K?
Bitcoin continues to dominate the cryptocurrency market as investors closely watch its price movements amid changing economic conditions and geopolitical factors. The start of 2025 has brought significant price swings, reflecting the ongoing uncertainty in global markets and shifting sentiment towards digital assets.
As of February 10, 2025, Bitcoin price is trading at approximately $97,383, marking a 0.4% increase from the previous close. Intraday fluctuations have been notable, with Bitcoin touching a high of $97,652 and dipping to $94,747. This volatility is driven by a combination of macroeconomic developments, institutional activities, and technical indicators
Recent Price Movements and Key Levels
Bitcoin reached an all-time high of $109,356 in January 2025, fueled by increasing institutional adoption and favorable regulatory developments. However, in recent weeks, Bitcoin has experienced a 15% correction from its peak, primarily due to uncertainty stemming from geopolitical tensions and economic policies.
The introduction of new tariffs by the U.S. government has raised concerns about global trade disruptions, contributing to market-wide risk aversion. As a result, Bitcoin has struggled to maintain momentum, with investors closely monitoring key support levels.
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