Crypto Week Ahead: Trump’s Tariff Barrage Deals Major Blow To BTC, All Eyes Remain On US Fed Policy
Crypto Week Ahead: Over the past seven days, Bitcoin (BTC) price achieved a high of $106,190.01.
Bitcoin and other top coins saw a bloodbath early Monday as US President Donald Trump announced a slew of tariffs on a handful of countries, leading to major selloffs in the market. Currently dwelling at around $92,500, Bitcoin is slowly managing to recover. Will it recover its previous high of $110,000? Well, that depends on US Fed policy expectations in the coming weeks. Investors will also do well to monitor the labour market trends and keep an eye on economic activity.
Before we proceed further, readers should note that the overall crypto market and coin prices are extremely volatile. There are no foolproof methods to ascertain how cryptocurrencies are expected to behave in the future.
This article is aimed at helping investors stay on top of the current market scenarios and the biggest events that have already taken place as well as some upcoming occurrences that are worth noting. Investors are advised to do their research before taking any calls.
Crypto Prices Over The Past Week
Last Monday (January 27), the overall crypto market cap stood at $3.45 trillion. BTC price stood at around $101,000. ETH price stood at around $3,200.
A week later, the overall market cap dipped to $3 trillion.
Check Out Top Crypto Prices Today
DeFi's total volume stands at $18.81 billion, at 6.42 percent of the total market 24-hour volume. In the case of stablecoins, the overall volume stands at $270.61 billion, at 92.33 percent of the total 24-hour market volume. As per CoinMarketCap, the overall market fear and greed index stood at ‘Fear’ with 39 points (out of 100).
BTC dominance, at the time of writing, stood at 61.49 percent.
Over the past seven days, Bitcoin achieved a high of $106,190.01 (on January 30) and a low of $92,877.22 (February 3).
Ethereum, on the other hand, saw a high of $3,426.99 (January 31) and a low of $2,451 (February 3).
Crypto Events To Note
The cryptocurrency market is experiencing a turbulent phase following recent geopolitical developments. Bitcoin (BTC) is showing signs of recovery, trading near $94,000 after a significant dip triggered by U.S. President Donald Trump’s announcement of new tariffs on Canada, Mexico, and China.
Edul Patel, CEO of Mudrex, observed that Bitcoin's correction around the $92,500 support level presents an attractive entry point for investors. “If BTC stabilizes above $95,000, it could gain enough momentum to test the $100,000 mark soon. However, volatility may persist as geopolitical factors unfold,” he noted.
CoinSwitch Markets Desk highlighted the impact of the tariff move, noting one of the largest crypto liquidations in recent times, amounting to $2 billion within 12 hours. Despite this downturn, BTC's dominance rose sharply to 61%, suggesting a cautious market sentiment.
Pi42 CEO Avinash Shekhar emphasized that Bitcoin’s movement below $100,000 signals a critical point for both bulls and bears. “Support levels at $95,000 and $90,000 will determine the next move for Bitcoin amid the broader market uncertainty,” Shekhar said.
Meanwhile, Unocoin co-founder Sathvik Vishwanath referenced analysis by ALI analyst Martinez, who flagged the potential formation of a bearish trend. “If Bitcoin breaks below $98,200, a deeper correction is possible. Conversely, a rise beyond $102,800 could invalidate this bearish outlook,” Vishwanath explained, urging investors to monitor key levels like $97,190 for additional support.
BuyUcoin CEO Shivam Thakral expressed a long-term optimistic outlook, despite the market's current instability. "The recent dip below $95,000 reflects broader market stress, but Bitcoin may emerge as a hedge against economic instability," he noted. Investors are eyeing the $90,000 support level for possible stabilization before a potential rally.
CoinDCX Research Team reported that Bitcoin recently plunged below $100,000, reaching lows near $91,000. The price drop wiped out nearly $500 billion from the market. Altcoins, including Ethereum, XRP, and Solana, also faced sharp declines, with memecoins seeing losses of up to 15%.
As global economic conditions continue to shift, market participants remain vigilant, monitoring key support and resistance levels while assessing Bitcoin’s resilience against geopolitical and macroeconomic pressures.
What Crypto Traders Are Saying About Current Market Scenario
Mudrex co-founder and CPO Alankar Saxena told ABP Live, "Bitcoin recorded its first-ever monthly close above $100,000 in January. However, the market then consolidated amid rising inflation concerns following President Trump’s imposition of import tariffs on goods from China, Canada, and Mexico. While Bitcoin has since begun recovering after finding support at $92,500, investors need to closely monitor the labour market trends and Fed policy expectations in the coming weeks. If next week’s labour market data indicates subdued economic activity, Bitcoin could rally further, potentially pushing beyond the $100K mark.”
Thangapandi Durai, CEO and Founder, Koinpark, said, “Last week was eventful for crypto. Bitcoin dropped over 4%, falling below $100,000, while Ethereum lost around 12%. A broader tech selloff, partly triggered by China’s AI startup DeepSeek, seemed to shake investor confidence. In the US Trump's administration showed strong support for crypto. I saw reports of high-profile gatherings like the Crypto Ball, with key figures shaping new policies. They’re even pushing for a federal crypto stockpile and making bank access easier for crypto firms.”
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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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