Here’s the latest update on Bitcoin (BTC) and yesterday’s market crash:
Current BTC Price & Market Status
Price: $92,986.00 (as of February 3, 2025)
24H High: $100,461.00
24H Low: $91,995.00
Change: -6.78%
What Caused Yesterday’s BTC Crash?
On February 2, 2025, Bitcoin dropped to a three-week low of $91,441.89. The main reason for this decline was the announcement by U.S. President Donald Trump regarding new tariffs on imports from Mexico, Canada, and China.
These tariffs raised concerns about a potential global trade war, leading investors to move away from risky assets like cryptocurrencies. This uncertainty triggered a massive sell-off in Bitcoin, pushing its price down sharply.
(Reference: Reuters)
Total Liquidations in the Past 24H
Total Liquidations: $2.07 Billion
Long Positions Liquidated: $1.79 Billion
Short Positions Liquidated: $282.64 Million
What’s Next for BTC?
With the ongoing market volatility and uncertainty surrounding U.S. trade policies, Bitcoin’s price may remain unstable in the coming days. Investors should closely monitor global economic developments and manage their risk accordingly.
Would you like real-time updates or predictions on BTC’s future movements?