The crypto market is facing a winter, and the prospects for a bull run are full of uncertainty.
During the Spring Festival, the crypto market suffered a heavy blow, catching many investors off guard. Originally expecting that the new government would bring positive news, a series of events on February 3rd hit the market hard.
Under the influence of the new round of tariff policies, the global financial market has experienced severe fluctuations. All three major U.S. stock indices fell, and the Asia-Pacific market was also impacted. Although the subsequent delay in the implementation of tariff policies eased some pressure, the crypto market still suffered heavy losses.
Bitcoin price plummeted significantly, once falling to $91,100, with a daily decline of about 7%. Ethereum plunged by 25%, hitting a nearly one-year low of $2,080.19. Tokens ranked in the top 200 by market capitalization generally fell, triggering a massive liquidation, with an estimated $8-10 billion being liquidated.
This event seems to have become a watershed moment for the market. Since then, although positive news has been constant