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Bitcoin worth fell nearly $4,000 as Europe hinted at retaliatory measures in opposition to US President Donald Trump, who threatened new commerce tariffs except negotiations may start over Greenland.
The BTC drop got here because the commerce struggle additionally worn out about $110 billion, sending BTC down by over 2.5% to a market capitalization of $3.22 trillion.
Bitcoin costs dumped 2.5% within the final 24 hours, dropping to beneath $92,000. BTC is now buying and selling at $92,440 as of 1:16 a.m. EST, in accordance to a Coinbase chart on TradingView.
EU–US Commerce Conflict Shakes the Crypto Market
On account of the crypto market wiping over $110 billion within the final 24 hours, round $787 million in lengthy positions had been liquidated within the final day, bringing the entire 24-hour liquidations to over $870 million, in response to Coinglass knowledge. Over $223 million was BTC-related lengthy positions.
The drop comes after US President Donald Trump revived international fears of commerce tariffs by imposing duties on a number of main European nations over Greenland.
Trump had earlier threatened to impose as much as 25% tariffs on a number of European nations, stating that the duties would stay in place till a deal to promote Greenland to the US was reached.
🇺🇸🇬🇱 Trump threatens new tariffs on nations against Greenland takeover.
Beginning on February 1, 2026, 10% tariffs can be imposed on the next nations, rising to 25% on June 1, 2026:
🇩🇰 Denmark🇳🇴 Norway🇸🇪 Sweden🇫🇷 France🇩🇪 Germany🇬🇧 UK🇫🇮 Finland🇳🇱 The… pic.twitter.com/ZbCAT3iB3A
— Mario Nawfal (@MarioNawfal) January 17, 2026
Nevertheless, European nations have repeatedly rejected Trump’s demand for the Danish territory, with France additionally seen making ready retaliatory financial measures in opposition to Washington.
Trump has repeatedly demanded that Greenland be ceded to the U.S., claiming that the island is of nice significance to U.S. nationwide safety.
Following the refusal to promote Greenland, Trump stated that Denmark has been unable to stave off a Russian menace from Greenland.
“NATO has been telling Denmark, for 20 years, that ‘you need to get the Russian menace away from Greenland…’ Denmark has been unable to do something about it,” Trump stated. “Now it’s time, and it will likely be accomplished.”
“NATO has been telling Denmark, for 20 years, that “you need to get the Russian menace away from Greenland.” Sadly, Denmark has been unable to do something about it. Now it’s time, and it will likely be accomplished!!!” – President Donald J. Trump pic.twitter.com/ZyFh9OsNsn
— The White Home (@WhiteHouse) January 19, 2026
Gold futures soared to document highs of $4,680 per ounce as markets reacted to the resumption of the US-EU commerce struggle, in accordance to Google Finance. Silver futures additionally skyrocketed above $93 per ounce for the primary time in historical past.
Bitcoin Value Pull Backs As Promoting Strain Intensifies
After breaking above the ascending triangle and rallying to over $97,000, the BTC worth has since confronted promoting stress at this resistance stage.
This has resulted within the Bitcoin worth dropping again into the triangle, now buying and selling across the higher boundary of the sample and the 20-day Exponential Shifting Common (EMA).
So as to add to the bearish stress, the Relative Power has dropped from round 68 to 51.36 and continues to be plunging, indicating sustained promoting stress within the Bitcoin market.
BTC Value Outlook: Is The Drop A Warning Signal?
On account of the commerce struggle, the cryptocurrency market, particularly Bitcoin, is experiencing a sustained drop as merchants run to safe-haven property.
Based on the BTC/USD Chart evaluation, the Bitcoin worth continues to be buying and selling above the 50-day Easy Shifting Common (SMA), which is offering sturdy short-term help at $90,301.
With commerce threats looming as BTC tries to carry above $90,000 during the last two weeks, Bitcoin may but drop additional. If Bitcoin’s worth continues to drop and breaches the 50-day SMA, the asset dangers a drop to the decrease boundary round $89,000.
Nevertheless, institutional shopping for may very well be a optimistic consider holding the worth above this help. Michael Saylor has hinted that Technique will quickly make one other BTC buy, because it pushes to carry over 3% of the asset’s complete provide.
Saylor posted “Greater Orange” on X, a phrase he has used earlier than saying new Bitcoin buys.
₿igger Orange. pic.twitter.com/HI47hMCnui
— Michael Saylor (@saylor) January 18, 2026
After shopping for 13,627 BTC final week, Technique now holds 687,410 BTC acquired for $51.8 billion at $75,353 per Bitcoin.
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