Cryptocurrency Price Today (February 3): Trump’s Tariffs Cause Bloodbath In Prices, Bitcoin Dips Down To $93,000
Cryptocurrency price on January 31 quick take: The global market cap dipped to $3 trillion.
Bitcoin (BTC), the world’s oldest and most valued crypto, lost all gains from the previous weeks and dipped down to the $93,000 mark early Monday. This was primarily caused due to US President Donald Trump imposing a volley of strict tariffs on several nations at once. The market reacted, and other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a bloodbath across the board as overall Market Fear & Greed Index stood at 39 (Fear) out of 100, as per CoinMarketCap data. FARTCOIN became the biggest gainer of the lot, with a 24-hour jump of nearly 18 percent. Filecoin became the biggest loser, with a 24-hour loss of nearly 31 percent.
The global crypto market cap stood at $3 trillion at the time of writing, registering a 24-hour loss of 10.90 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $93,645.02, registering a 24-hour dip of 6.62 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 81.30 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,473.68 marking a 24-hour loss of 20.22 percent at the time of writing. Ethereum price in India stood at Rs 2.16 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 23.81 percent, as per CoinMarketCap data, currently priced at $0.2313. Dogecoin price in India stood at Rs 19.80.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 19.62 percent. At the time of writing, it was trading at $93.59. LTC price in India stood at Rs 8,052.41.
Ripple (XRP) Price Today
XRP price stood at $2.24, seeing a 24-hour dip of 22.82 percent. Ripple price in India stood at Rs 189.69.
Solana (SOL) Price Today
Solana price stood at $195.38, marking a 24-hour loss of 7.39 percent. SOL price in India stood at Rs 16,691.51.
Top Crypto Gainers Today (February 3)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Fartcoin (FART)
Price: $0.7388
24-hour gain: 17.77 percent
Hyperliquid (HYPE)
Price: $22.89
24-hour gain: 3.10 percent
DeXe (DEXE)
Price: $21.32
24-hour gain: 1.86 percent
Mantra (OM)
Price: $5.60
24-hour gain: 15.60 percent
Flare (FLR)
Price: $0.02677
24-hour gain: 9.96 percent
Top Crypto Losers Today (February 3)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Filecoin (FIL)
Price: $2.94
24-hour loss: 30.52 percent
Floki (FLOKI)
Price: $0.00008159
24-hour loss: 30.49 percent
SPX6900
Price: $0.7134
24-hour loss: 30.16 percent
Gala (GALA)
Price: $0.01959
24-hour loss: 28.92 percent
Artificial Superintelligence Alliance (FET)
Price: $0.6531
24-hour loss: 28.68 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Edul Patel, CEO, Mudrex told ABP Live, “Bitcoin is showing signs of recovery, currently trading near $94,000. The correction triggered by Trump's tariff war has created an attractive entry point around the key support level of $92,500. If BTC can stabilize above $95,000, it may build enough momentum to test the $100K zone in the coming days. Investors should closely monitor geopolitical developments, as volatility is likely to continue until further tariff relief is implemented.”
CoinSwitch Markets Desk noted, “With U.S. President Trump imposing massive tariffs on certain countries, the Asia open marks one of the largest liquidations in the crypto markets in recent times, with approximately $2 billion in liquidations in the last 12 hours alone. BTC has strong support around the $90,000 mark, and it seems unlikely to break, especially with gold recently hitting an all-time high. BTC dominance has also risen sharply to 61%, indicating a risk-off sentiment within the crypto markets.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “The crypto market remains on a knife's edge amid global policies and changing investor sentiments. The slip of Bitcoin below $100,000 is a quest for resilience, with key support levels at $95,000 and $90,000 that define the line of battle for bulls and bears. Donald Trump imposes tariffs on Canada, Mexico and China which led to nearly $2 billion in liquidations in the crypto market as the whole crypto market is bleeding red. The fortunes of digital assets depends on the macroeconomic factors and confidence among investors.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “According to ALI analyst Martinez Bitcoin recently showed resistance over $ 100,000, but now faces the view of Bear. It emphasizes the formation of a bear flag on a 30 -minute graph and a signaling potential disadvantage. The bear flag consists of a sharp drop (mast) followed by a short consolidation. Martinez suggests that if bitcoins break down below the lower limit of consolidation, it may drop to approximately $ 98,200. However, if the price rises above $ 102,800, the bear signal may be invalidated. Investors should also monitor the level of $ 97,190 for additional support.”
Shivam Thakral, CEO of BuyUcoin, said, “In the last 24 hours, the cryptocurrency market has faced significant volatility following President Donald Trump's announcement of new tariffs on Canada, Mexico, and China. Bitcoin's price dipped below $95,000, reflecting a broader market decline. Despite this short-term turbulence, investors anticipate that these trade tensions could ultimately benefit Bitcoin as a hedge against inflation and economic instability in the long run. Market participants are closely watching the $90,000 support level for Bitcoin, with expectations that it may stabilize before potentially rallying again as global economic conditions evolve.”
CoinDCX Research Team noted, “Last weekend, Bitcoin plunged below $100,000, marking the lows close to $91,000. This move was followed by a bullish attempt to form a new ATH, but the bears exerted huge pressure, flushing out nearly $500 billion from the markets. Besides, most of the altcoins, like Ethereum, XRP, Solana, Dogecoin, and many more, faced a similar price drop; meanwhile, the memecoins faced a massive loss of above 12% to 15%.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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