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news-imageFebruary 3, 2025

Bitcoin (BTC) Price: Traders Navigate Uncertainty as Trump's Tariffs Shake Global Markets

A weekend announcement of new U.S. trade tariffs triggered the largest cryptocurrency liquidation event in history, pushing Bitcoin below $92,000 before recovering to $95,000 amid broader market uncertainty.
Publisher: Blockonomi
Sentiment: Negative
BTC

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Bitcoin Price Crash: How Low BTC Price Can Drop?

Amid the fears caused by Donald Trump, the President of the United States of America affecting tariffs on major trading partners, including China, Canada, and Mexico, wiped $2.26 billion from the crypto market. Following this, the Bitcoin price plunged below $95,000 over the past 24 hours after declining nearly 6% in seven days.

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cover-imageFinbold
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Is Bitcoin headed below $90,000 amid Trump's tariffs?

Late January and early February 2025 have proven turbulent for both the cryptocurrency and the stock market. China's novel DeepSeek artificial intelligence (AI) model was the first to generate strong headwinds as it marked the entry of a new and powerful competitor to a sector otherwise dominated by American big tech.

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cover-imageBenzinga
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Peter Schiff Highlights 'Crypto Winter' Prediction By 'Punxsutawney Phil' As Bitcoin And Ethereum Plunge

Renowned economist Peter Schiff commented on Bitcoin's (CRYPTO: BTC) market slump on Sunday, drawing an unusual analogy with “soothsayer” groundhog “Punxsutawney Phil's” prolonged winter prediction. What Happened: Schiff took to X to point out the large drop in the value of Bitcoin and Ethereum (CRYPTO: ETH), the two biggest cryptocurrencies by market capitalization.

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