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Bitcoin (BTC) price traded as low as $91,231 on Binance on Monday Morning, as crypto markets buckle under pressure from escalating trade tariff war involving the United States. Bitcoin (BTC) Plummets to $91K as Crypto Market Liquidations Hit $1.8 Billion Bitcoin (BTC) plunged below the $91,200 mark on February 3, its lowest level in 20 days. This decline follows mounting economic concerns sparked by former U.S. President Donald Trump’s aggressive trade tariffs on China, Mexico, and Canada, which have triggered widespread financial market turbulence. As fears of rising consumer prices escalate, social media reports suggest that American consumers are preparing for inflation by stockpiling essential goods. This has led to a shift in retail investor sentiment, with many liquidating riskier assets such as stocks and cryptocurrencies in favor of more stable stores of value. Crypto Market Liquidations, Feb 3, 2025 | Source: Coinglass.com As depicted above, Crypto market liquidations have exceeded $1.8 billion as BTC price plunged 7% in the last 24 hours, signaling unusually heavy capitulation from large investors. This suggests that Bitcoin institutional investors are also responding to inflation risks, anticipating that the U.S. Federal Reserve may be forced to raise interest rates sooner than expected. This has led many to shift capital toward government bonds before interest rate hikes push prices higher. Combined, these factors have exacerbated selling pressure in the crypto market, driving Bitcoin’s price down by 11% over the past three days. Key Bitcoin (BTC) Price Levels to Watch  Amid the ongoing crypto market downturn, some crucial BTC trading signals indicate key levels that could be pivotal to Bitcoin price action  as the week progresses. Coinglass Liquidation Map Shows BTC’s Strongest Support Level Lies at $90,360 Bitcoin started the week under pressure due to the bearish sentiment surrounding the escalating trade war. Many U.S.-based traders…

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Filed under: News - @ February 3, 2025 3:17 am