Today, February 3, 2025, the crypto market took a sharp dive. #BTC (Bitcoin) dropped below $100,000, while #ETH (Ethereum) fell to $2,494. The main reason is economic concerns caused by new tariffs imposed by the U.S. on China, Canada, and Mexico.
This triggered panic in financial markets, leading many investors to sell their assets, including cryptocurrencies. Additionally, the expected support for the crypto market from the U.S. government did not materialize, further accelerating the decline.
Conclusion: If you're trading on exchanges, don’t panic. Such drops can be temporary, but they may also signal a longer downturn. Before buying or selling, analyze the situation carefully and make decisions without emotions.