Title: Bitcoin’s Black Friday: How Trump’s Tariffs Triggered a $93K Crash and What Comes Next

Amidst the Storm of Tariffs: Bitcoin’s $93K Plunge Tests the Unyielding Links of Blockchain’s Backbone. 🔻⚡ Where Volatility Meets Immutable Resolve.

February 2, 2025, will go down as a red-letter day in crypto history. Bitcoin plunged 8% to $93,101 — its sharpest single-day drop in three months — while altcoins like Ethereum and XRP nosedived 20–30% in a cascading sell-off . The culprit? A geopolitical grenade lobbed by former President Donald Trump: sweeping tariffs on Canada, Mexico, and China. Here’s how the market unraveled — and what it means for crypto’s near-term trajectory.

Trump’s February 1 announcement of 25% tariffs on imports from Canada and Mexico — plus 10% on Chinese goods — ignited a global risk-off panic. The U.S. Dollar Index (DXY) surged 4% since October 2023, its strongest rally in over a year, squeezing risk assets like crypto .

• Leveraged Carnage: Over $1.3 billion in crypto positions were liquidated in 12 hours, including $300 million in Bitcoin and $611 million in Ethereum .
• Altcoin Apocalypse: Ethereum briefly crashed 27%, XRP 28%, and Trump’s namesake memecoin (TRUMP) fell 12% .
• Fear & Greed Plunge: The sentiment index nosedived from 60 (greed) to 39 (fear) in 24 hours — a record drop signaling investor capitulation .