Today’s encryption price: Bitcoin is trading less than $ 103,000; Altcoins is mixed

Bitcoin (BTC) witnessed a decrease, trading less than $ 103,000 on Saturday, February 1, 2025, amid global market fluctuations stimulated by recent US tariff ads. As of 10:16 am, Bitcoin has been priced at 102,441 dollars, which represents a 1.7 % decrease over the past 24 hours.

ethereum (ETH), the second largest encrypted currency depending on the market value, witnessed an increase of 2.4 %, and trading at 3,302 dollars during the same period.

Another major altcoins Mixed offers. XRP has seen a slight decrease, while Solana (Sol) and Stellar (XLM) the saw also decreases. On the contrary, BNB, Dogecoin (Doge), and Cardano (ADA) registered gains.

The recent decline in the price of bitcoin is in line with the high uncertainty in the market President Donald TrumpAnnouncement of imminent definitions. The United States plans to impose a 25 % tariff on imports from Canada and Mexico, as well as 10 % on Chinese goods. This political step has contributed to increasing fluctuations in both traditional currency markets and encryption.Despite these developments, some analysts believe that the stability of Bitcoin amid global economic transformations may indicate its increasing acceptance as a major asset. However, concerns are still existing about the potential impact of ongoing geopolitical tensions and economic policies in the cryptocurrency market.

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On the organizational side, the European Central Bank president suggested that Bitcoin is unlikely to enter the Central Bank reserves anytime, despite the global growth on the adoption of the digital currency, which was partially raised by Donald Trump’s policies.

Also read: The importance of global cryptocurrency trends with American political movements

The global market value of the encrypted currency has decreased by 1.02 % over the past 24 hours, reaching about $ 3.52 trillion. Stablecoins is now 90.6 % of the total coding market over 24 hours, with a total of $ 111.81 billion.

Also read: Erik Trump’s suggestion is tax exempt: What does that mean to the global encryption market

(DisintegrationRecommendations, suggestions, opinions and opinions made by experts are their own. These do not represent the views of economic times)