BTC Drops to $ 94,000 after Trump IMPoses New Tarifs on China, others

Crypto Market Volativity surgged over the weekend following On Monday, February 3, Bitcoin Recorded Its Sharpest Price Drop In Months Across Both Domestic and International EXCHANGES. According to coinmarketcap, BTC Fell Nearly Seven Percent on Global Platforms, Trading at $ 94,303 (roughly Rs. 82 Lakh). Before the tariff announs, bitcoin was priced Around $ 104,002 (roughly Rs. 90.1 Lakh). On Indian exchanges like buyucoin, BTC Slipped by Approximately Five Percent, Trading at $ 101,116 (roughly Rs. 88 lakh).

ETher registered bigger losses than Bitcoin in the last 24 hours. On International Exchanges, Eth Lost 19.51 Percent to Trade at $ 2,497 (roughly Rs. 2.17 lakh). The asset is a similar drop on Indian exchanges to claim the price point of $ 2,750 (roughly Rs. 23.9 lakh).

Elaborating on the Market Situation, Pi42 Co-Founder Avinash Shekhar Said, “The Fortune of Digital Assets Depends on the Macroeconomic Factors and Confidence Amongness Among Investors. Donald Trump IMPOing Tariffs on Canada, Mexico, and China Led to Nearly $ 2 Billion (roughly Rs. 17,425 Crore) in Liquidations in Liquidations in the Crypto Market, Leaving The Price Charts BLEDING REDING. “

The Crypto Price Tracker By Gadgets 360 Showed Losses Next to Majority Altcoins on Monday.

These include Cardano, Avalanche, Polkadot, Uniswap, Litecoinand Leo,

Losses also struck Monero, Cosmos, Eos coinand Bitcoin sv Among other altcoins on Monday.

The overall crypto market cap fell by 9.51 percent in the last 24 hours. The present Valuation of the sector stands at $ 3.04 trillion (roughly Rs. 2,64,76,869 Crore), as per Coinmarketcap,

“The Crypto Market’s sell-off is said to be the aftermath of us president trump’s tariff decision. This came as a shockwave across the globe and the recent plunge in the crypto markets displays the risk in fear am ignoly with their financial decisions.

Meanwhile, Iota, Statusand Bitcoin Hedge Emerged Among a handful of altcoins that Managed to Hold onTo Small Gains on the price chart on monday.

“Investors Should Closely Monitor Geopolitical Developments, AS VOLATILY is Likely to Continue Until Furter Further Tariff Relief is implemented,” Edul Patel, CEO of Mudrex Told Gadgets 360.

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