šØ Crypto Market Crash ā February 3, 2025 šØ
What Just Happened?
- The biggest liquidation event in crypto history, with over $2 billion wiped out in just 12 hours!
- Bitcoin (BTC) dropped 4.86%, currently at $92,919.41.
- Ethereum (ETH) plummeted 13.84% to $2,470.41.
- XRP (-16.30%), Dogecoin (-16.11%), BNB (-11.83%), and Cardano (-21.14%) suffered massive losses.
- The altcoin market is in freefall due to growing uncertainty.
Why Is This Happening?
1ļøā£ US Trade War Intensifies šŗšøšš
- The US imposed a 25% tariff on Canada & Mexico, along with a 10% tariff on China.
- Canada retaliated with 25% tariffs on US goods.
- Trump is now considering tariffs on the EU and BRICS nations (if they launch their own currency).
2ļøā£ Inflation & Rate Cut Concerns š
- Tariffs drive inflation up, delaying expected Fed rate cuts.
- Investors were betting on a bullish Trump-driven rally, but the opposite is happening.
3ļøā£ Massive Liquidations & Panic Selling š“āā ļø
- Leverage traders got wiped out, triggering cascading liquidations.
- Uncertainty over global trade & economic policies is pushing investors away from risky assets like crypto.
š Conclusion:
- The market is in panic mode as global trade tensions fuel inflation fears.
- Expect continued high volatility and uncertainty in the coming days.
- Investors should stay cautious and watch macroeconomic developments closely. šØ
#MarketPullback