The Crypto Bazaar has taken a dip in the Fear Zone of the Crypto Fear and the Greed Index, which has been slipping at the level of the last October 2024 at the level of emotions.
A mixture of fresh American tariffs, weak liquidity, and nervousness of more than $ 2 billion from the market in the last 24 hours, data From coinglass. Amidst anarchy, the price of bitcoin (BTC) declined by about 6% to about 6%, before it bounces slightly back, but Altcoins took another difficult hit.
Ethereum (Eth) did 18% tank, XRP (XRP) was the largest losing by 20%, and Solana (SOL) fell 8% as the total market cap from about 12% to $ 3.15 trillion.
Daniel vehicle co-founder of Matrixport called This blames the markets in Asia for “another specific weak Monday,” for bad news to their knee shock. He highlighted extreme volatility with the coinbase’s ETH premium – a sign of demand for strong American purchase – spicing up to 6% while the top 100 tokens an average of 22% loss.
A x user under alias @coins_kid Noted in an x post The price structure of the XRP on 3 February suggests “extended flat wave 4 improvement” since December and “we do not look down 5 waves in C.” While some see it as a potential purchase-as a moment, the overall feeling seems to be cautious.
Satisfaction data shows that traders are stepping back. A user analyzed the collected spirit, “The negotiation of buying a dip has calmed down. Large goals such as $ 110K-120K for bitcoin are being given less attention.”
Despite anarchy, Bitwaiz’s major alpha strategies Jeff Park Believe that Tariffs are part of a very large game. He argues that the US is looking for a way to weaken the dollar without crashed its ability to borrow cheaply – a kind of “Plaza Accord 2.0.”
And while tariffs can only have a device in that playbook, long -term effects on bitcoin can be largely. With a weak dollar, low American rates and global economic uncertainty, bitcoin may “grow high, violently”, the park has written on February 1. Post On X.
