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The cryptocurrency market came in in the fear of fear of fear and the greed index, sliding to the level of feelings of the last seen in October 2024.
A mixture of fresh American tariffs, weak liquidity and panic sales have wiped out more than $ 2 billion from the market in the last 24 hours, according to data from Coingglass. In the middle of the chaos, the price of Bitcoin (BTC) fell almost $ 6% to about $ 91,200 before he bounced slightly, but Altcoins hit even the stronger.
Ethereum (ETH) teased 18%, XRP (XRP) was the largest loser with a decrease of 20%, and salt (salt) fell 8% because the total market cap sank almost 12% to $ 3.15 trillion.
Co -founder Matrixport Daniel Yan invited It is “another typical weak Monday,” accusing the Asian market for their knee reaction to bad news. He emphasized extreme volatility, with Coinbase’s ETH premium – a sign of strong demand for purchase – amazing at 6%, while the first 100 tokens an average of 22%loss.
X user under aliasa @coins_kid noticed by the UX post February 3, this price of the XRP Price suggests “an expanded straight wave correction 4 of December and that” we do not see 5 waves down in C. “While some see it as a potential moment of purchase, it seems that the overall mood is cautious.
Santiment data show that traders are deviated. One user who analyzed united feelings noted: “Talks about buying a DIP have calmed down. Large goals such as 110k-12 -20K for bitcoin get less attention. “
Despite the chaos, Bitwise’s head alpha strategy Jeff Park believe Tariffs are part of a much bigger game. He claims to now seek a way to weaken the dollar without overthrowing his ability to borrow cheaply – some kind of “Plaza Accord 2.0”.
And while the tariffs can only be a tool in that book, a long -term impact on Bitcoin could be massive. With a weaker dollar, lower American footsteps and global economic insecurity, Bitcoin could go “higher, violently faster,” the park wrote in February 3. publish on the X.
