Why do bitcoin decrease? BTC prices for 3 weeks low in the strong dollar, the weak Wall Street-TRADININGVIEW News

The price of Bitcoin (BTC) continues on the fourth day of its decline, as it tests the lowest levels of nearly a month on Monday, February 3, 2025. Since last Friday, the decreases reached about 14 % at some point, and reports were reported on tariff plans. The new is from the new US President Donald Trump.

The sudden stagnation of BTC also caused panic in Altcoins, causing temporary flash crash. Let’s study the reason for the decrease in bitcoin and what caused a strong reaction in the encrypted currency market.

Why did Bitcoin decrease today? Trump’s tariff shakes markets

Donald Trump announced on Sunday that he imposes 25 % definitions on Canada and Mexico. The new rules are scheduled to become valid on Tuesday, and the president announced at the same time that similar commercial fees will soon be imposed on the European Union (the European Union).

In response, the future Wall Street contracts recorded a significant decrease: DOW decreased by 1.4 % (more than 600 points), and S&P futures decreased by 1.9 %. Heavy NASDAQ decreased by 2.4 %. The US dollar rose automatically, increasing by 1 % against a weighted basket of currencies.

Looking at this market formation and panic, Bitcoin’s decrease was almost inevitable.

Bitcoin price recorded a strong decrease on Monday. Source: TradingView.com

Bitcoin is currently trading at 95,700 dollars, a decrease of 2.3 % compared to the closure of Sunday. However, the decline was more slope, as it reached nearly 7 % at one point overnight. Bitcoin is now fourth in a row of decline, during which about 14 % decreased and tested 91,281 dollars, the lowest level since January 13. Nigel Green, Founder and CEO, Dever Group

“Writing was on the wall. This was completely expected. However, many market participants buried their heads in the sand, convinced that the worst will not be achieved. Now, the consequences are here, and investors need To act – quickly. “

Will Bitcoin fall? BTC technical analysis shows strong support

Despite the decrease in the two that led to panic in the cryptocurrency market and a wave of supported position qualifiers, Bitcoin still maintains strong support. For more than two months, BTC kept more than $ 92,000, which represents the lower limits to unify the current.

This level was tested eight times, actively at the beginning of the year, every time the bulls are provided with a defense line. The last test, which shows the top of the bullish pin two weeks ago, was a sign of growth that pushed bitcoin to the highest new historical levels on January 20 at a price of 109312 dollars.

Investors must closely watch how the Monday session is closed. If the level of 92,000 dollars lasts and the session ends much higher – for example, the current levels will indicate that buyers are ready to defend this level and collect BTC in the vicinity.

The 92K level is still the main support area of ​​the Bitcoin price. Source: TradingView.com

But what if there is an outbreak? In this case, the area of ​​$ 83,000 will become decisive, as it corresponds to 200 EMA, which works as support and an indication that the upward trend has been intact since October. The decline only under this moving average will indicate that the sellers gain momentum.

“The markets will remain very interactive in the coming days and weeks. Investors must put themselves strategically to reduce risks and seize opportunities with the restoration of assets,” Green added.

Altcoin Blood: Ethereum, XRP, DOGE and Trump Download

While Bitcoin’s retreating was part of the volatility standards that we used to in encrypted currencies, the situation with Altcoins was more severe:

• ETHEREUM (ETH) has decreased over 20 %, test $ 2,150 and August lower
• XRP has been contracted by more than 30 %, and it decreased to only $ 1.8, which is the lowest level since December
• Dogecoin (DOGE) decreased by 25 %, and a $ 0.27 test
• Loss of Mim Trump by Donald Trump by 17 %, and trading it at $ 17.5, that is, much lower

Collective boxes worth $ 2.3 billion

The scale of the decrease in the coded currency market is completely clarified through the location of the location learned. Over the past 24 hours, $ 2.26 billion has been eliminated, including $ 1.88 billion in long positions. Most references in Bitcoin ($ 411.8 million) were observed but Ethereum ($ 611.6 million), which saw one of the most severe drops.

Source: coinglass.com

Fear and greed index automatically decreased to 39 points, indicating fear among cryptocurrencies. The total size of the ecological system has shrunk to $ 3.11 trillion, and has decreased to the lowest levels since November.

Bitcoin price, common questions

Why the price of bitcoin decreased?

The main catalyst was Donald Trump’s announcement of the new commercial tariffs, which sparked uncertainty in the broader market. The reaction of the cryptocurrency market, which is increasingly linked to traditional financial markets, was strongly. In addition, strengthening the US dollar and a decrease in the future of stocks has created a risk environment as investors move from volatile assets such as cryptocurrencies.

Will BTC rise again?

The cryptocurrency has maintained a strong technical support of about $ 92,000, which has proven to be a reliable defense line in the past two months. The next half Bitcoin event in 2024, along with increasing institutional adoption and the success of the Instant Bitcoin investment funds, provides a solid basis for possible future growth. However, short -term fluctuations should be expected as the market includes the current geopolitical and economic uncertainty.

What causes encryption today?

The decline in the current encryption market is primarily driven by macroeconomic and marketing factors. Trump’s commercial protectionist policies have sparked a wider sale in the market, affecting both traditional markets and encryption. This has led to a large qualifying for the outstanding situations, especially in Altcoins, which creates an ancient effect across the ecosystems of the encrypted currency. The fear and greed index reflects 39 points of concern for the current market, which contributes to the pressure pressure.

What will be Bitcoin in 2025?

While some analysts offer possible prices ranging from $ 150,000 to $ 250,000 by 2025, noting institutional adoption and scarcity after half, these predictions should be seen with caution.