On February 3, Jeff Park, director of strategy at Bitwise Alpha, said that tariffs may be just a temporary tool, but the long-term conclusion is that Bitcoin will not only go higher, but also go faster because the "two sides" in the trade imbalance equation both want Bitcoin, so the end result is the same: higher price and faster. Petr Kozyakov, CEO of crypto payment platform Mercuryo, pointed out that after Trump announced the tariffs on Friday, the cryptocurrency market set off a wave of FUD, 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 unique, in sharp contrast to the altcoins that have fallen across the board. Bitcoin plunged to just over $91,000 overnight, with a low decline of nearly 10%, before recovering to around $95,000. Other major cryptocurrencies fell even more, with Ethereum down about 20%, and Solana seemed to perform better relative to Ethereum, down only 6%.