Bitcoin Falls to $94K ― Trump’s Trade War Sparks Crypto Panic

Sazid KabirCryptoFebruary 3, 2025

Bitcoin and other cryptocurrencies are crashing as President Donald Trump warns of economic “pain” due to a brewing trade war.

Bitcoin has fallen below $97,000, dragging down XRP, Solana, and Dogecoin with it.

Crypto Market in Panic Mode

The crypto market is experiencing sharp losses:

  • Bitcoin (BTC) dropped 5.63% to $94,855.60.
  • XRP, Solana, and Dogecoin also saw major price drops.

The decline follows Trump’s tough trade stance, which has spooked investors and triggered a wider sell-off in stocks and crypto.

What’s Causing the Crash?

  1. Trump’s Trade War Warnings
    • Trump hinted at economic difficulties ahead as he pushes for tougher trade policies.
    • Investors fear higher tariffs and restrictions could slow down global trade and hurt market confidence.
  2. Investor Uncertainty
    • Crypto markets are highly sensitive to economic instability.
    • Many traders sold off their assets, fearing bigger losses.

What’s Next for Crypto?

The market’s future depends on:

  • Trump’s next moves on trade and tariffs.
  • Investor sentiment – whether buyers step in or continue selling.
  • Regulatory developments that could impact crypto trading.

Some analysts believe the dip could be a buying opportunity, while others warn of more losses ahead.

Final Thoughts

Bitcoin’s fall below $97K marks a critical moment for crypto investors. If trade tensions continue to rise, the market could see further declines. Will Bitcoin rebound or drop even lower? Only time will tell.

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