Crypto market on February 03, 2025 experienced significant turmoil, largely influenced by U.S. President Donald Trump’s introduction of new tariffs. This occurrence did not only shake up the larger financial arenas, but it also caused a drastic drop in prices of cryptocurrencies, especially Bitcoin (BTC), which fell to around $91K.
The altcoin market joined the party, mimicking blanket investor fear in the face of escalating global trade rivalries.
Here’s a brief report on the most buzzworthy cryptocurrency market updates on February 03.
Crypto Market on February 03, 2025
1. Bitcoin Price:
As of February 03, 2025, Bitcoin (BTC) experienced a significant decline of approximately 5%, trading just above $94K. The intraday changes of the coin ranged between a low of $91,242.89 and a high of $100,485.89, which is representative of the extant market volatility caused by external economic factors.
2. Ethereum Price:
Ethereum (ETH) faced an 18% drop in value during the trading day, currently priced at $2,551. The range for the past 24 hours of the coin was between $2,159.28 and $3,137.25, which reflected the general downward trajectory of the broader market with selloffs increasing.
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3. XRP Price:
XRP experienced sharp intraday drop more than 20% currently at $2.26. Its trading range for the day was between $1.95 and $2.92, with total liquidations amounting to $110.5 million, consistent with the overall bearish sentiment in the crypto market.
4. Solana Price:
Solana (SOL) also pulled back nearly 6% over the past 24 hours, reaching a price of $197.46. The coin’s intraday low was $180.41, while its peak was $215.54, with liquidations totaling around $83 million in the last day.
Also read: Best Crypto to Buy in February 2025
Meme Coin Market
The meme coin sector also reflected bearish trends:
- Dogecoin (DOGE): Fell by 22% to $0.2326.
- Shiba Inu (SHIB): Decreased by 21%, resting at $0.00001355.
- PEPE: Experienced a crash of 26%, now priced at $0.000008983.
Also read: Trump Meme Coin Saga 2025
Notable Gainers and Losers
Despite the overall downturn, a few tokens managed to record gains:
- Fartcoin (FARTCOIN): +11% to $0.7048
- Hyperliquid (HYPE): +2% to $22.76
- DeXe (DEXE): +1% to $21.34
Conversely, significant losses were noted among several tokens:
- FLOKI: -31% to $0.00008114
- Optimism (OP): -31% to $0.9035
- Filecoin (FIL): -30% to $2.95
Also read: Trump Pro-Crypto Policies
Personal Analysis
The current status of the cryptocurrency market highlights the deep influence of macroeconomics on digital currencies. The imposition of tariffs by President Trump has triggered not only linear markets but also, to the crypto world, also rumbles in the arteries of a global finance chain.
The sentiment among investors seems to be significantly driven by the fear related to trade wars and regulatory uncertainties, thus resulting in much selling and liquidations on multiple cryptocurrencies.
It is in this type of environment that such a climate offers challenge as well as an opportunity; whereas the market reaction might lead many to exit positions based on any last seen decline, the market reaction may also lead some to view it as an opportunity to buy for long-term investments.
In future, market participants should pay close attention to geopolitical developments and their consequences on financial markets as a whole.
(Source: Coingape)
