On February 3, Asian cryptocurrency stocks experienced significant declines as Bitcoin fell to $91,163, its lowest level in over three weeks. This drop was accompanied by a broader market sell-off, driven by fears over ongoing trade wars. Notably, Japan’s Metaplanet, which shares similarities with MicroStrategy in its Bitcoin treasury holdings, saw its shares drop by 9.44%. Other affected companies included SBI Holdings, which fell by 3.60%, and Hong Kong firms OSL Group and Boyaa, which declined by 2.69% and 4.64%, respectively. In contrast, broader market indexes posted smaller losses, with Japan’s Nikkei 225 down 2.66% and Hong Kong's Hang Seng barely changing at 0.04%. The turmoil comes after tariffs imposed by the U.S. President raised concerns of escalating trade tensions, impacting risk assets including cryptocurrencies. Although the Lunar New Year period typically sees bullish trends for crypto, this time trade war fears could disrupt the historical pattern of gains during this season.

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