President Donald Trump incited a $300 billion crypto market pump on Monday following the announcement of a US crypto reserve. The same Donald Trump has now induced a $300 billion crypto market dump as his trade tariffs come into effect on March 4. Total market capitalization has crashed almost 14% over the past 36 hours or so in a plunge to $2.82 trillion from over $3.2 trillion on Sunday evening. The move has wiped out all brief gains from the pump that followed his crypto reserve announcement on March 2. Coinglass reported that more than 311,000 traders were liquidated in the past 24 hours to the tune of just over a billion dollars. Trump Pump and Dump “Trump pumped it with a tweet. Trump dumped it with his tariffs. All his doing. Sad but true,” commented economist Alex Krüger on X. Meanwhile, trader and analyst ‘DonAlt’ said he guessed people came to the realization that Trump “is probably not gonna be able to push this through Congress overnight.” “Tomorrow, tariffs — 25% on Canada and 25% on Mexico,” Trump said during a press conference at the White House on March 3. “And that’ll start… What they have to do is build their car plants, frankly, and other things in the United States, in which case they have no tariffs,” he added. Trump also signed an executive order on Monday raising tariffs on imports from China to 20%, up from 10%. The Trump dump has also hammered stock markets, with the S&P 500 erasing a whopping $1.5 trillion in market cap. What just happened? The Dow just went from being up +300 points at the open to falling as much as -1,100 points in hours. Between 10:00 AM and 3:30 PM ET, the S&P 500 erased a whopping $1.5 trillion in market cap. Here’s exactly what you need to know. (a thread) pic.twitter.com/nQpKOlrihB — The Kobeissi Letter (@KobeissiLetter) March 3, 2025 Bitcoin Dumps Below $83K Bitcoin dumped to an intraday low of $82,864 during early trading in Asia on Tuesday, shedding almost 12% in little over a day. Meanwhile, the BTC fear and greed index had fallen back into extreme fear. Bitcoin Fear and Greed Index is 15 — Extreme Fear Current price: $86,273 pic.twitter.com/POoRvfOjp3 — Bitcoin Fear and Greed Index (@BitcoinFear) March 4, 2025 Ethereum has been smashed again, falling lower than previously to just over $2,000, its lowest level since November 2023. Even the altcoins mentioned in Trump’s crypto reserve had lost most of their gains within 24 hours. The crypto market dump has also closed a massive $10,000 CME Bitcoin futures gap that opened over the weekend when traditional markets were closed. The post $300B Wiped Out in Trump’s Crypto Market Pump and Dump appeared first on CryptoPotato .
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Bitcoin and the broader cryptocurrency market have shown strong recovery, with Bitcoin surpassing $93,000 earlier today after an increase of nearly 10% in the past 24 hours. The surge follows the announcement of a US crypto strategic reserve, which is expected to include major digital assets such as BTC, ETH, SOL, XRP, and ADA. The news has fueled optimism in the market, pushing Bitcoin back above the $90,000 level. As Bitcoin’s price movement gains momentum, analysts appear to have been closely examining the ongoing correction phase within the current bullish cycle. Related Reading: Bitcoin Reclaims Key Levels And Faces Resistance At $97K – Can It Break $100K This Week? CryptoQuant analyst Grizzly has shared insights into Bitcoin’s historical price behavior, suggesting that the asset may be repeating past patterns that preceded significant rallies. If these trends hold, BTC could be positioning itself for a major breakout in the coming months. BTC’s Historical Price Patterns and Market Outlook According to Grizzly, Bitcoin is currently in its third corrective phase within the bullish cycle that began in early 2023. This pattern has been observed using the UTXO Age Bands—a metric tracking how long BTC remains unmoved in wallets. Similar corrective phases took place in the summers of 2023 and 2024, each lasting around six months. During these periods, BTC experienced resistance before eventually breaking out into new price highs. Grizzly revealed that if this trend continues, BTC may remain in a consolidation phase for another two to three months, fluctuating between $80,000 and $100,000. A breakout beyond $100,000 could mark the end of the correction and potentially push BTC toward $130,000, as historical data suggests. The CryptoQuant analyst noted: Market participants should closely watch the structural dynamics of the premium bands, as a confirmed break above resistance could signal the next parabolic leg of Bitcoin’s bull market. Bitcoin’s Path to $100K: What Market Indicators Suggest Another CryptoQuant analyst, OnChainSchool, has provided further insights into BTC’s potential price movement beyond $100,000. The analyst highlights the MVRV Z-Score, a metric that tracks Bitcoin’s valuation in comparison to its historical fair value. According to the analyst. the current cooldown in the MVRV Z-Score indicates that Bitcoin could soon enter a rapid upward trajectory, similar to the price action observed in early 2024 when BTC surged past $72,000 to new all-time highs. However, unlike past cycles, the market appears to be moving at a faster pace, potentially influenced by the evolving political landscape in the US. Related Reading: Bitcoin Fills CME Gap Between $78,000 and $80,000 – Is A Reversal Around The Corner? With increasing attention on cryptocurrency from policymakers and institutional investors, there is a likelihood that BTC could break past its previous all-time high sooner than expected. Whether this acceleration will be sustained depends on multiple factors, including regulatory developments, macroeconomic conditions, and continued market demand for Bitcoin as a hedge asset. Featured image created with DALL-E, Chart from TradingView
As Trump tariffs on Mexico and Canada go into effect on March 4, the crypto market crashed, triggering more than $1.09 billion in liquidations in the last 24 hours. While Bitcoin is down over 10% in the last 24 hours, top altcoins like Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) are all down by 15-25% in the last 24 hours. This shows that the hype of Trump’s US strategic reserves remains short-lived as investors brace for the reality. Crypto Market Crash Sees Surge in Liquidations Today’s crypto market crash has been one of the fastest falls on record, with more than $460 billion being eroded from the crypto market cap in 24 hours. As per the Coinglass data , the overall crypto liquidations have soared to more than $1.09 billion with BTC alone contributing more than $400 million. The cryptocurrency market has experienced its most dramatic selloff of 2025, shedding a staggering $460 billion in just 24 hours. This translates to an average loss of approximately $19.1 billion per hour over the past day, noted The Kobeissi Letter. Source: The Kobeissi Letter Bitcoin Price Heading to $70,000 Again? Following the announcement of strategic US crypto reserves on Sunday by President Donald Trump, Bitcoin price made a brief rally to $93,000 facing rejection once again as Trump tariffs kicked in. Market analysts believe that despite Trump’s executive order on crypto reserves, it would still need Congressional approval to pass through. As of press time, the BTC price is down 10.23% trading at $83,500 levels with daily trading volumes jumping by 15% to $77 billion. Crypto market analysts predict that it won’t be surprising if Bitcoin crashes in the range of $70,000-$75,000 before resuming a full-blown uptrend. Former BitMEX CEO Arthur Hayes has expressed confidence in the ongoing bull cycle for Bitcoin, however, suggested that BTC’s worst-case bottom would align with the previous cycle’s all-time high of $70,000. Popular crypto analyst KALEO also reiterated the stand saying: “after the type of wick we saw across the board for BTC and alts earlier (major move up + full retrace) it shouldn’t be surprising if another leg down to the mid 70s for Bitcoin”. What’s Next for Altcoins? Throughout February, altcoins have delivered a very poor performance with Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), all facing huge selling pressure and correcting 25% over the past month. Over the last 24 hours, the altcoins crash has been even severe with Ethereum price tanking to $2,000 and is on track to register its worst performing Q1 in history. Crypto market analysts are requesting investors to stay patient and not sell in panic. Popular analyst Michael van de Poppe noted: “Most of the altcoins are giving back their gains against Bitcoin today. Why? People want to get out, that’s why they sell on every bump upwards and that’s why things will take time. Just be patient”. Currently, the market sentiment for an alt season is at the rock bottom against the high expectations at the beginning of the year. The post Crypto Market Liquidations Soar $1.09 Bln, Bitcoin and Altcoins Crash on Trump Tariffs appeared first on CoinGape .
Binance has announced that it has expanded its Trading Bots services by adding new Spot Grid and Spot Dollar-Cost Averaging (DCA) trading pairs, effective March 5, 2025 at 11:00 AM ET. Binance Expands Trading Bots Services with New Spot Grid and DCA Pairs New Trading Pairs for Spot Grid and DCA Users will now have access to automated trading strategies for the following pairs: ADA/FDUSD BERA/USDC TIA/USDC Eligibility and Restrictions Trading availability will depend on users' country or region of residence due to local regulations. Binance reserves the right to update the list of restricted countries due to legal or regulatory changes. Account verification is required for users to access these new trading pairs. Improving the Trading Experience The Spot Grid and DCA features allow users to automate trading strategies by leveraging price action and reducing the impact of market volatility. Binance continues to expand its bot services to provide users with more efficient and diversified trading options. *This is not investment advice. Continue Reading: Bitcoin Exchange Binance Expands Trading Bots Services! Here Are the New Trading Pairs Added to the Platform!
President Donald Trump has officially launched a global trade war, sending markets into chaos and wiping out billions overnight. On Tuesday, the US slapped heavy tariffs on imports from Mexico, Canada, and China, with Trump confirming that no more negotiations will take place. The numbers are brutal: 25% on all goods from Mexico, 25% on nearly everything from Canada except energy, 10% on Canadian energy imports, and 20% on many Chinese goods. Canada immediately hit back with 25% tariffs on $155 billion worth of US exports. S&P 500 Index. Source: TradingView Global stock markets tumble as Trump’s tariffs officially go live Data from CNBC shows that Asian tech stocks crashed right after the news. Nvidia took a 9% dive, while Japanese chip giant Advantest collapsed to its lowest level since October, dropping 9%. Renesas Electronics lost 6.35%. South Korea’s SK Hynix dropped by 3.26%. Over in China, Alibaba fell 2.23%, Kingsoft Cloud dropped 8.46%, and electric vehicle stocks like BYD lost 6.60%, per the data. SoftBank, the Japanese investment giant, plunged 6.25%. Masayoshi Son, its CEO, reportedly plans to borrow $16 billion for AI investments, but that news wasn’t enough to stop the freefall. Taiwan Semiconductor Manufacturing Company (TSMC) also tumbled by 2% after Trump said the company would spend $100 billion in the US to boost chip production. Stock Indexes. Source: CNBC The S&P 500 is getting wrecked too, as it sees its worst fall since December 18 teetering on the 200-day moving average, a critical support level. If the index breaks lower, expect even more blood in the market. Bitcoin is feeling the heat, too. It tanked below $90,000, erasing the 10% gains it made after Trump announced the US Crypto Reserve. Oil prices fell sharply as traders ran for safety. Gold, on the other hand, is thriving—up 10% since January, while Bitcoin has lost 10% YTD. Oh but the European markets, though, are handling things a little differently. The Stoxx 600, which represents a broad look at European stocks, actually outperformed the S&P 500 in February, per CNBC. The reason is that investors are pouring money into defense stocks, expecting Trump’s policies to continue pulling the rug out from under the markets. Crypto crashes after wild 36-hour swing Crypto investors are having it worse by the way. On Sunday afternoon, Trump announced that the US was launching a Crypto Reserve, AND That news sent crypto prices flying, with market cap surging from $2.7 trillion to $3.1 trillion in hours. But that party didn’t last. By Monday night, reality hit. The market flipped, and in just 24 hours, crypto lost $500 billion. It’s now $100 billion below where it was before Trump’s announcement. Ethereum, which had bounced from $2,173 to $2,550, is now at $2,002—8% lower than its pre-announcement level. Crypto heat map. Before Trump’s Reserve news, the Crypto Fear & Greed Index sat at 20 (Extreme Fear). After the announcement, it shot up to 55 (Greed). Now? Back to 24, meaning fear is back in control. Meanwhile, institutional investors have been pulling money out fast. In the last week of February, crypto funds saw a record $2.6 billion in outflows, the biggest ever, $500 million higher than the previous record in 2024. Bitcoin is down 3% from pre-reserve announcement levels, erasing $250 billion in market cap in just 12 hours. CMC crypto fear and greed index. Source: The Kobeissi Letter A Bank of America survey found that 42% of investors now say the trade war is the biggest threat to risk assets in 2025, up from 30% in January. Only 3% of investors believe Bitcoin will be the best-performing asset in a full-blown trade war—way lower than the US dollar (15%) or gold (58%). Meanwhile, Goldman Sachs’ volatility panic index, which was sitting at 1.4 in December, has spiked to 9.1 and is approaching 10 today. That means expect more violent price swings ahead. The US effective tariff rate is now set to reach its highest level since the Great Depression. And it’s not over. Next up is a 25% tariff on the European Union. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Ethereum bulls are accumulating assets following the crypto market dip, igniting similar demand in altcoins. The asset has recorded increased daily volumes this week, signalling a possible turnaround for most traders currently in the red zone. ETH price fell to $2,666 below the $2.7k level as liquidations continued to rise. The total crypto market cap traded the same, recording billions in outflows. ETH Institutional Inflow Beats BTC In the last seven days, institutional investors increased inflows in Ethereum, recording higher volumes than Bitcoin. ETH inflows stood at $793 million, while Bitcoin profits saw $407 million. This shows improved growth in institutional sentiments last week. Ethereum’s previous flows stood in the red zone due to the price correction in 2025. A better week above Bitcoin shows signs of fund repositioning. “ Bitcoin saw inflows of US$407m, with ETPs globally now representing 7.1% of the current market capitalization, making them the largest holder relative to any other entity. Ethereum stole the show this week, with the price falling recently close to US$2,100, leading to significant buying-on-weakness with inflows of US$793m, outpacing bitcoin for the first time this year,” CoinShares wrote. Whales Move Assets Off Exchanges After six weeks of decline leading to a 36% price drop, ETH holders see flashes of hope as traders buy the dip. On-chain data shows over 224,410 ETH was withdrawn from centralized exchanges to other custodians. This signals investors are looking to hold on to their assets for long-term rewards despite present factors. This movement led to a recovery, with the price breaking $2,800 before wider sentiment overshadowed the drive. Similarly, retail holders also resumed buying, looking for good positions. It is generally projected that the ETH price will surge, leading to the altcoin season as funds move out of Bitcoin. Furthermore, the whales’ transfer of assets out of exchanges led to a significant activity surge. Trading volumes soared past $3.4 billion with Binance processing over 1.2 million tokens. On-chain metrics point north for the altcoin leader as traders flag buy signals. Ali Martinez wrote on X, analyzing the TD Sequential Indicator, that an ETH price rebound is on the cards. Hourly trading showed the asset breaking out of a symmetrical triangle ahead of a possible jump above $3K.
Bitcoin and Ethereum faced significant declines today, prompted by renewed concerns over macroeconomic data and tariff announcements from former U.S. President Trump. This downturn comes after a brief rally, highlighting
The crypto market has experienced mixed trading as prices moved sideways for the second consecutive week. Retail and institutional players reacted differently at several stages of the dip, with the latter making market-swinging sales. United States foreign policies also affected the market despite being tipped to spur market growth during Donald Trump’s second term. Bitcoin Whale Dump Large Holdings In the last 30 days, Bitcoin whales have transferred 60,000 BTC to exchanges, heightening sell pressure. This follows shaky weeks in U.S. tech stocks, sparking bear sentiments in crypto assets. Bitcoin price sank below $100K after the launch of Chinese AI startup DeepSeek and has struggled to find its previous momentum. As confidence plummeted further with Trump’s new tariffs, whales began moving assets to prevent losses gained in previous months. Last year, institutional inflow and whale accumulations spiked the asset’s price above $100k with an expected run to $150K this year. These recent outflows have slowed mainstream adoption, lowering sentiments as seen in a drop in the fear and greed index. The mark reaction shows fear as multiple assets dipped below previous support levels. Bitcoin whales dominate the market, and huge sales for large groups result in a plunge in the fear and greed index. Centralized exchange and whale balances are closely monitored to determine the next market direction. Despite these bear factors, investors bought the dip looking for good entry positions ahead of a rebound. Crypto trader Ali Martinez pointed out that the wider market recorded $6 billion in capital inflows as holders set sights on recovery. Rebound Hinged On Spot Bitcoin ETFs The nosedive affected Bitcoin, altcoins, meme tokens, and decentralized finance (DeFi) numbers. Declined volumes negatively impacted the market leading to a crash in crypto prices. The wider market capitalization dropped from $3.5 trillion to $3.1 trillion, wiping out billions. Bitcoin price trades at $97,746, down 4% in the last seven days while altcoins recorded higher exits. However, spot Bitcoin ETFs which have attracted over $40 billion, dominating the financial markets are a lifeline to BTC price. Institutional appetite is growing as on-chain metrics point upwards despite the status quo. Firms like Standard Chartered made higher projections expecting a massive run before the end of Trump’s second term. According to most users spot Bitcoin ETFs will notch inflows this year due to Trump’s friendly policies.