Bitcoin Drops to $102k as Trump Tariffs Spark Market Fears

Bitcoin Price Dips to $102k as Fear & Greed Index Drops from Greed

Bitcoin's price has dipped to $102,000, marking a significant decrease from its recent highs. This drop comes as the Fear & Greed Index, a popular sentiment indicator, has fallen from its previous 'Greed' level, suggesting a shift in market sentiment.

Analysts have been quick to weigh in on the situation. Robert Kiyosaki, the renowned financial expert and author of Rich Dad Poor Dad, has warned of a potential Bitcoin crash due to Trump's new tariff policies. He believes that assets like Bitcoin, gold, and silver could see a sharp dip as a result. However, Kiyosaki sees market crashes as buying opportunities for these assets, stating that "Gold, silver, Bitcoin may crash. GOOD. Will buy more after prices crash."

Kiyosaki's warning comes as Bitcoin continues to trade within a tight range of $101K to $106K. Market volatility could increase as Trump's tariff policies take effect on February 1, influencing global financial markets, including crypto.

While Kiyosaki is optimistic about buying assets during crashes, he also highlights a growing concern: debt. He warns that "The real problem is DEBT, which will only get worse." He believes that the increasing levels of debt in the economy are a ticking time bomb that needs attention.

Kiyosaki's prediction aligns with recent comments from Arthur Hayes, another well-known analyst. Hayes expects a short-term decline in Bitcoin, possibly pushing its price down to $70,000, before a major rally towards $250,000 begins.

On-chain data from Glassnode shows a significant Bitcoin price cluster between $94,000 and $101,000. This suggests that many traders have bought Bitcoin in this range, making $98,000 a critical support level. If Bitcoin stays above this, it could maintain its bullish momentum. However, if it falls below, it might open the door for a drop toward $90,000 or lower.