Crypto Price Today: Bitcoin trades below $103,000; Altcoins trade mixed
Bitcoin (BTC) experienced a decline, trading below $103,000 on Saturday, February 1, 2025, amid global market volatility spurred by recent U.S. tariff announcements. As of 10:16 am IST, Bitcoin was priced at $102,441, marking a 1.7% decrease over the past 24 hours.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, saw a 2.4% increase, trading at $3,302 during the same period.
Other major altcoins displayed mixed performances. XRP experienced a slight decline, while Solana (SOL) and Stellar (XLM) also saw decreases. Conversely, BNB, Dogecoin (DOGE), and Cardano (ADA) registered gains.
The recent downturn in Bitcoin's price aligns with heightened market uncertainty following President Donald Trump's announcement of impending tariffs. The U.S. plans to impose 25% tariffs on imports from Canada and Mexico, as well as 10% on Chinese goods. This policy move has contributed to increased volatility in both traditional and cryptocurrency markets.
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