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Trump's Tariffs Trigger Major Crypto Shake-Up!

Trump's Tariffs Trigger Major Crypto Shake-Up!

Crypto Volatility Soars with ETH losing nearly 25% in value in one hour!

Rich Webb
February 03, 2025 • Read Time: 8 minutes

Donald Trump's latest move to slap tariffs on imports from Canada, Mexico, and China has sent shockwaves through the cryptocurrency market, leading jittery investors to scramble for cover.

Ethereum took a nosedive, plummeting by a dramatic 26.53% to $2,135—the steepest drop in almost four years—while Bitcoin and other major digital currencies weren't spared from the tumult.

As trade tensions bubble over, the crypto world is left reeling, raising the stakes for analysts who are now split between forecasting short-term chaos and long-term gains. Let's dive in!

Trump's new tariffs spark significant cryptocurrency sell-off, impacting Bitcoin, Ether, and other major tokens. — Read More
Trump's trade tariffs tank crypto markets, Powell calls for more crypto regulation, crucial economic data on the horizon. — Read More
Market jitters intensify as Trump tariffs lead to a $2.2 billion crypto crash, Fear & Greed Index plummets to 44. — Read More
Uphold relaunches staking services in the UK as Treasury exempts crypto staking from stringent regulations. — Read More
MicroStrategy down 5.85% in pre-market as BTC turmoil sways MSTR, test of its Bitcoin-linked strategy ahead. — Read More
India enforces severe crypto tax rules, imposing heavy penalties on undeclared holdings. — Read More
A16z backs crypto super PACs with $25M donation, Coinbase secures FCA approval to directly offer UK crypto services, Peirce proposes DLT sandbox collaboration between US and UK. — Read More
Japan's Finance Minister Katsunobu Kato pledges a review of the contentious crypto tax laws, promising legislative changes by June 2025. — Read More
Moscow nudges the Russian Far East toward crypto mining as a solution for excess electricity. — Read More

COMPLETE MASACRE 🩸
$BTC down 7%
$ETH down 21%
$SOL down 12%
Many alts down considerably more
The Fear and Greed Index is down from 60 to 44
All of this happened today
A good reminder to stick to majors & have a balanced portfolio
— Milk Road (@MilkRoadDaily)
3:02 AM • Feb 3, 2025

WOW.
Crypto markets have erased -$12.7 billion in market cap PER HOUR since the trade war began Friday mid-day.
That's -$760 BILLION in 60 hours.
— The Kobeissi Letter (@KobeissiLetter)
5:16 AM • Feb 3, 2025

Bitcoin Tumbles Below $100,000

Bitcoin slides under $100,000, approaching $90,000 support with bearish momentum.

Bitcoin's All-Time High Dampened by Bear Market Concerns

Bitcoin ends January at record high amid fears of a looming bear market, sparking bearish sentiments with significant declines post peak.

Bitcoin Eyes Recovery Amidst Massive Liquidations

Bitcoin's price hints at a rebound despite $393 million in liquidations, with seasonal trends and potential tariff negotiations boosting optimism.

Bitcoin's Market Dominance Reaches 62%

Bitcoin's market dominance surges to 62% as altcoins falter, marking a high since 2021.

Crypto Market Plummets Amid US Tariffs, Bitcoin Falls $10K Daily

US tariffs cause Bitcoin to dive by $10K in a harsh weekend for crypto, as $2.2B in liquidations occur.

Ethereum Price Surges 20% After Massive Dip

ETH rebounds 20% post $2,125 crash, yet bearish trends persist.

Ethereum Battered by Market, Eyes $2,700 Recovery

Ethereum plunges nearly 20% following Trump's tariff announcement, but analysts suggest a potential rebound to $2,700.

Ethereum's 23% Tumble Spurs Fear of Deeper Losses

Ethereum drops 23.6% amid global trade tensions, sparking investor concerns.

Dormant Ethereum Whales Transfer $400M Before Market Meltdown

Inactive Ethereum wallets move $400M to Bitfinex before market crash, igniting strategy vs coincidence debate.

BNB Rebounds: Potential Bullish Surge or Temporary Relief?

BNB defends $500 support, sparking speculation of bullish or temporary relief.

Cronos (CRO) Gains 25% Amid Volatility Concerns

CRO rebounds 25% but risks loom with critical resistance at $0.1326.

Cardano's Buy Opportunity Amid 35% Price Fall

Cardano's price crash triggers a potential buy signal as indicators suggest a rebound, Cardano’s MVRV ratio hints bullish while ADA drops to $0.70 support.

FET Price Plummets Below Critical Support Levels

AI token FET tumbles 80% from all-time high, sparks fears of continued downward trend with target at $0.44.

XRP Drops Below $2 Amid Whale Sell-off

Ripple's XRP plummets below $2, as whales dump 130 million XRP in a weekend sell-off.

Solana Leads Retail DEX Market But Ethereum Dominates High-Value Trades

Solana captures 48% of DEX volume due to pump.fun, while Ethereum excels in big trades and liquidity.

The Dune Index tracks onchain adoption by combining and normalizing key metrics on the same scale.
In 2021, Ethereum made up 60% of the index, with Solana at 4%.
Today, Solana leads with 43%, and Ethereum falls to 16%.
— Milk Road (@MilkRoadDaily)
8:01 PM • Feb 2, 2025

Chainlink Approaches $36 with Strong Whale Accumulation

LINK's price anticipates a potential run to $36 due to active whale accumulation and reduced market supply.

Lightchain AI Testnet Faces Minor Delay

Lightchain AI testnet launch postponed, but excitement remains high.

AI Tech Firms Poised for Gains Amid DeepSeek Impact

DeepSeek impact slows, as S&P 500 rebounds and AI tech firms regain investor confidence.

DOJ Challenges Fiat Money's Property Status

DOJ argues fiat currency doesn't automatically qualify as property.

SEC Approval of XRP and Solana ETFs Could Change Crypto Market

Analysts suggest crypto ETF approvals for XRP, Solana, and Dogecoin rest on the SEC crossing a regulatory threshold.

Thailand SEC Unveils Blockchain Platform for Digital Tokens

Thai SEC to launch blockchain-based trading platform, supporting tokenized and digital-native securities trading.