Bitcoin drops 14% to $91,281 as Trump announces 25% tariffs on Canada and Mexico.
Altcoins face a severe bloodbath, with ETH down 20% and XRP 30%, triggering mass liquidations.
However, technical analysis shows strong BTC support at $92K, with potential recovery signals.
Bitcoin
(BTC) price continues its fourth day of decline, testing the lowest levels in
nearly a month on Monday, February 3, 2025. Since last Friday, the drops
reached almost 14% at one point, reacting to reports about new tariff plans
from the new-old U.S. President Donald Trump.
The sudden
BTC slump also triggered panic in altcoins, causing a temporary flash crash.
Let's examine why Bitcoin is falling and what caused such a strong reaction in
the cryptocurrency market.
Why Is Bitcoin Price Down
Today? Trump's Tariffs Shake Markets
Donald
Trump announced on Sunday that he's imposing 25% tariffs on neighboring Canada
and Mexico. The new rules are set to take effect on Tuesday, and the president
simultaneously announced that similar trade fees will soon be imposed on the
European Union (EU).
In
response, Wall Street futures contracts recorded a significant decline: Dow
dropped 1.4% (over 600 points), and S&P 500 futures fell 1.9%. The
tech-heavy Nasdaq slid 2.4%. The U.S. dollar automatically surged, rising 1%
against a weighted basket of currencies.
Given this
market configuration and panic, Bitcoin's decline was almost inevitable.
"The
recent tariff announcements, which introduced higher tariffs on Canada, Mexico,
and China, underscore the impact of geopolitical shifts on global markets. In
the short term, such measures can introduce significant volatility - just as we
saw when Bitcoin plummeted following similar tariffs and trade
tensions in the past," commented Sumit Gupta, the Co-Founder at CoinDCX.
Bitcoin price recorded a strong decline on Monday. Source: Tradingview.com
Bitcoin is
currently trading at $95,700, down 2.3% compared to Sunday's close. However,
the decline was much steeper, reaching almost 7% at one point overnight.
Bitcoin is now in its fourth consecutive day of decline, during which it has
fallen about 14%, and is testing the $91,281 level, the lowest since January 13.
Nigel Green, founder and CEO, deVere Group
“The
writing was on the wall,” said Nigel Green, the CEO of financial firm deVere Group. “This was entirely foreseeable. Yet, too
many market participants buried their heads in the sand, convinced that the
worst wouldn’t materialize. Now, the consequences are here, and investors need
to act—fast.”
Will Bitcoin Fall? BTC Technical
Analysis Shows Strong Support
Despite
Monday's decline triggering panic in the cryptocurrency market and a wave of
leveraged position liquidations, Bitcoin still maintains strong support. For
over two months, BTC has held above $92,000, which marks the lower boundary of
the current consolidation.
This level
has been tested eight times, most actively at the turn of the year, each time
providing bulls with a defense line. The last test, appearing
as a bullish pin bar two weeks ago, was a signal for growth that pushed
Bitcoin to new historical highs on
January 20 at $109,312.
Investors
should closely watch how Monday’s session closes. If the $92,000 level holds
and the session ends significantly higher—around current levels, for example—it
will signal that buyers are ready to defend this level and accumulate BTC in
its vicinity.
92K level still acts as the main support zone for Bitcoin price. Source: Tradingview.com
But what if
a breakout occurs? In that case, the $83,000 area will become critical, as it
aligns with the 200 EMA, which serves as both support and an indicator that the
uptrend has remained intact since October. Only a drop below this moving
average would signal to me that sellers are gaining momentum.
“The markets will remain highly reactive
in the coming days and weeks. Investors must position themselves strategically
to mitigate risks and seize opportunities as assets reprice,” Green added.
Altcoin Bloodbath: Ethereum,
XRP, DOGE and TRUMP Down
The scale
of the decline in the cryptocurrency market is perfectly illustrated by leveraged
position liquidation data. Over the last 24 hours, $2.26 billion in leveraged
positions were wiped out, including $1.88 billion in long positions. The most
liquidations were observed not in Bitcoin ($411.8 million) but in Ethereum
($611.6 million), which experienced one of the most severe drops.
Source: CoinGlass.com
The fear
and greed index automatically fell to 39 points, indicating fear among
cryptocurrency investors. The total ecosystem volume shrank to $3.11 trillion,
falling to the lowest levels since November.
Bitcoin Price, FAQ
Why is the Bitcoin price
falling?
The primary
catalyst has been Donald Trump's announcement of new trade tariffs, which
sparked broader market uncertainty. The cryptocurrency market, increasingly
correlated with traditional financial markets, reacted strongly to this news.
Additionally, the strengthening U.S. dollar and declining stock futures have
created a risk-off environment where investors are moving away from volatile
assets like cryptocurrencies.
Will BTC rise again?
The
cryptocurrency maintains strong technical support at around $92,000, which has
proven to be a reliable defense line over the past two months. The upcoming
Bitcoin halving event in 2024, combined with increasing institutional adoption
and the success of spot Bitcoin ETFs, provides a solid foundation for potential
future growth. However, short-term volatility should be expected as the market
digests current geopolitical and economic uncertainties.
What is causing crypto to
fall today?
The current
crypto market downturn is primarily driven by macroeconomic factors and market
sentiment. Trump's protectionist trade policies have triggered a broader market
sell-off, affecting both traditional and crypto markets. This has led to
significant liquidations of leveraged positions, particularly in altcoins,
creating a cascade effect across the cryptocurrency ecosystem. The fear and
greed index dropping to 39 points reflects the current market anxiety,
contributing to the selling pressure.
What will the price of
Bitcoin in 2025 be?
While some
analysts project potential prices ranging from $150,000 to $250,000 by 2025,
citing institutional adoption and scarcity after the halving, these predictions
should be viewed with caution.
Bitcoin
(BTC) price continues its fourth day of decline, testing the lowest levels in
nearly a month on Monday, February 3, 2025. Since last Friday, the drops
reached almost 14% at one point, reacting to reports about new tariff plans
from the new-old U.S. President Donald Trump.
The sudden
BTC slump also triggered panic in altcoins, causing a temporary flash crash.
Let's examine why Bitcoin is falling and what caused such a strong reaction in
the cryptocurrency market.
Why Is Bitcoin Price Down
Today? Trump's Tariffs Shake Markets
Donald
Trump announced on Sunday that he's imposing 25% tariffs on neighboring Canada
and Mexico. The new rules are set to take effect on Tuesday, and the president
simultaneously announced that similar trade fees will soon be imposed on the
European Union (EU).
In
response, Wall Street futures contracts recorded a significant decline: Dow
dropped 1.4% (over 600 points), and S&P 500 futures fell 1.9%. The
tech-heavy Nasdaq slid 2.4%. The U.S. dollar automatically surged, rising 1%
against a weighted basket of currencies.
Given this
market configuration and panic, Bitcoin's decline was almost inevitable.
"The
recent tariff announcements, which introduced higher tariffs on Canada, Mexico,
and China, underscore the impact of geopolitical shifts on global markets. In
the short term, such measures can introduce significant volatility - just as we
saw when Bitcoin plummeted following similar tariffs and trade
tensions in the past," commented Sumit Gupta, the Co-Founder at CoinDCX.
Bitcoin price recorded a strong decline on Monday. Source: Tradingview.com
Bitcoin is
currently trading at $95,700, down 2.3% compared to Sunday's close. However,
the decline was much steeper, reaching almost 7% at one point overnight.
Bitcoin is now in its fourth consecutive day of decline, during which it has
fallen about 14%, and is testing the $91,281 level, the lowest since January 13.
Nigel Green, founder and CEO, deVere Group
“The
writing was on the wall,” said Nigel Green, the CEO of financial firm deVere Group. “This was entirely foreseeable. Yet, too
many market participants buried their heads in the sand, convinced that the
worst wouldn’t materialize. Now, the consequences are here, and investors need
to act—fast.”
Will Bitcoin Fall? BTC Technical
Analysis Shows Strong Support
Despite
Monday's decline triggering panic in the cryptocurrency market and a wave of
leveraged position liquidations, Bitcoin still maintains strong support. For
over two months, BTC has held above $92,000, which marks the lower boundary of
the current consolidation.
This level
has been tested eight times, most actively at the turn of the year, each time
providing bulls with a defense line. The last test, appearing
as a bullish pin bar two weeks ago, was a signal for growth that pushed
Bitcoin to new historical highs on
January 20 at $109,312.
Investors
should closely watch how Monday’s session closes. If the $92,000 level holds
and the session ends significantly higher—around current levels, for example—it
will signal that buyers are ready to defend this level and accumulate BTC in
its vicinity.
92K level still acts as the main support zone for Bitcoin price. Source: Tradingview.com
But what if
a breakout occurs? In that case, the $83,000 area will become critical, as it
aligns with the 200 EMA, which serves as both support and an indicator that the
uptrend has remained intact since October. Only a drop below this moving
average would signal to me that sellers are gaining momentum.
“The markets will remain highly reactive
in the coming days and weeks. Investors must position themselves strategically
to mitigate risks and seize opportunities as assets reprice,” Green added.
Altcoin Bloodbath: Ethereum,
XRP, DOGE and TRUMP Down
The scale
of the decline in the cryptocurrency market is perfectly illustrated by leveraged
position liquidation data. Over the last 24 hours, $2.26 billion in leveraged
positions were wiped out, including $1.88 billion in long positions. The most
liquidations were observed not in Bitcoin ($411.8 million) but in Ethereum
($611.6 million), which experienced one of the most severe drops.
Source: CoinGlass.com
The fear
and greed index automatically fell to 39 points, indicating fear among
cryptocurrency investors. The total ecosystem volume shrank to $3.11 trillion,
falling to the lowest levels since November.
Bitcoin Price, FAQ
Why is the Bitcoin price
falling?
The primary
catalyst has been Donald Trump's announcement of new trade tariffs, which
sparked broader market uncertainty. The cryptocurrency market, increasingly
correlated with traditional financial markets, reacted strongly to this news.
Additionally, the strengthening U.S. dollar and declining stock futures have
created a risk-off environment where investors are moving away from volatile
assets like cryptocurrencies.
Will BTC rise again?
The
cryptocurrency maintains strong technical support at around $92,000, which has
proven to be a reliable defense line over the past two months. The upcoming
Bitcoin halving event in 2024, combined with increasing institutional adoption
and the success of spot Bitcoin ETFs, provides a solid foundation for potential
future growth. However, short-term volatility should be expected as the market
digests current geopolitical and economic uncertainties.
What is causing crypto to
fall today?
The current
crypto market downturn is primarily driven by macroeconomic factors and market
sentiment. Trump's protectionist trade policies have triggered a broader market
sell-off, affecting both traditional and crypto markets. This has led to
significant liquidations of leveraged positions, particularly in altcoins,
creating a cascade effect across the cryptocurrency ecosystem. The fear and
greed index dropping to 39 points reflects the current market anxiety,
contributing to the selling pressure.
What will the price of
Bitcoin in 2025 be?
While some
analysts project potential prices ranging from $150,000 to $250,000 by 2025,
citing institutional adoption and scarcity after the halving, these predictions
should be viewed with caution.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
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Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
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As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
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Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Educators, IBs, And Other Regional Growth Drivers
Educators, IBs, And Other Regional Growth Drivers
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
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🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
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The Leap to Everything App: Are Brokers There Yet?
The Leap to Everything App: Are Brokers There Yet?
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
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📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
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As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
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Mind The Gap: Can Retail Investors Save the UK Stock Market?
Mind The Gap: Can Retail Investors Save the UK Stock Market?
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
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