$BTC
On Sunday, February 2, 2025, the cryptocurrency market experienced a significant drop 📉, with Bitcoin (BTC) falling by up to 15%, reaching a low of $91,441.89, before stabilizing around $95,000.
This decline is attributed to the imposition of tariffs by President Donald Trump on imports from Mexico, Canada, and China, which raised fears of a global trade war and negatively impacted risk assets, including cryptocurrencies.
Ethereum (ETH) also saw a notable decrease, dropping by up to 24% and trading at $2,494.33.
Despite the volatility, analysts like Robert Kiyosaki view these declines as opportunities to acquire assets at lower prices.
It is crucial for investors to remain calm and avoid impulsive decisions. The volatile nature of the crypto market requires a long-term perspective and a well-informed strategy. Stay updated with market trends and adjust your investments according to the circumstances. Don’t forget to follow me for more updates and financial advice! 📈💡