The post Crypto News Today (03rd Feb 2025): Market Plunges as Tariff War Sparks Fear? appeared first on Coinpedia Fintech News
The crypto market today has suffered a steep fall, with its total market cap plunging 11.15% to $3 trillion. The recent market collapse follows fears of rising inflation triggered by Trump’s tariff war, affecting both stock and crypto markets. Meanwhile, trading volume skyrocketed by 174.04% to $291.45 billion as traders sprinted to reposition their holdings. Amidst, the ruckus, the Fear & Greed Index has slipped to 39, signaling anxiety among investors.
Bitcoin Dips to $92k as Liquidations Rise?
Bitcoin has tumbled 6.86% in the last 24 hours, currently valued at $92,871.48. The largest cryptocurrency by market cap has seen its valuation drop to $1.84 trillion, while its dominance remains strong at 61.58%. The 24-hour trading volume surged 178.63% to $93.7 billion, reflecting growing trading activity.
For an in-depth outlook, read our Bitcoin Price Prediction 2025, 2026-2030 to monitor BTC’s next potential moves.
Altcoins Suffer Massive Losses
Ethereum has seen the sharpest drop among major altcoins, falling 20.37% to $2,471.85. Solana and XRP also recorded steep declines, losing 8.19% and 24.21%, respectively. The overall altcoin market remains under pressure as Bitcoin’s dip drags down sentiment.
Curious about your ETH holdings? Check out our Ethereum Price Prediction 2025, 2026-2030.
Top Gainers: DeXe Stands Alone
DeXe (DEXE): The only gainer in the top 100, rose just 0.91% to $21.07.
Top Losers: Market Faces Harsh Sell-Off
SPX6900: Plunged 33.13% to $0.6954.
FLOKI: Dropped 32.18% to $0.0000805.
GALA: Fell 31.66% to $0.01916.
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FAQs
Bitcoin is currently priced at $92,871.48, reflecting a 6.86% decline in 24 hours.
SPX6900, FLOKI, and GALA have recorded the largest declines, dropping over 30% each.
Ethereum has fallen by 20.37% in the past 24 hours, currently trading at $2,471.85.