News
19 Jan 2026, 07:36
BTC Crashes Below $92K as Liquidations Surge Toward $900M on US–EU Trade War Escalation

The anticipated volatility due to the latest developments on the US-EU trade war finally arrived in crypto as BTC, alongside all altcoins, plunged hard as Asian and some futures markets opened. Somewhat expected, the liquidations are on the rise, with over $870 million wrecked in the past 24 hours. Naturally, longs are responsible for the lion’s share (nearly $790 million). The total number of liquidated traders has skyrocketed to just shy of 250,000, according to data from CoinGlass. Liquidation Data on CoinGlass Recall the latest developments on the trade war front between the so-called allies. US President Donald Trump has insisted that his country’s national security relies on the “complete acquisition” of Greenland, which is under Denmark’s control. Following weeks of building tension, eight countries from the EU sent a handful of soldiers to the island for a reconnaissance mission. Trump responded immediately with a new set of 10% tariffs against all eight, starting from February 1. The EU held an emergency meeting, while French President Macron reportedly pushed for the activation of a so-called anti-coercion instrument known as a “trade baooka,” which has never been used before and would limit America’s access to European Markets. The US spot markets will remain closed today as it’s MLK Day. However, Asian markets slid on Monday morning, and so did the greenback against the yen and the Swiss franc. US futures also dropped by up to 1.3% in the case of Nasdaq futures. As mentioned above, BTC’s price headed south earlier this morning, currently struggling to remain above $92,500. At the same time, gold exploded once again to yet another all-time high. Gold vs Bitcoin right now I love this industry pic.twitter.com/wviLVKR0uj — Travis Connors (@TravConnors) January 18, 2026 The post BTC Crashes Below $92K as Liquidations Surge Toward $900M on US–EU Trade War Escalation appeared first on CryptoPotato .
19 Jan 2026, 07:19
4 Things That Could Further Rattle Crypto Markets in Week Ahead

Markets are reacting this morning to European retaliation to Donald Trump’s trade tariff announcement over the weekend. Crypto markets have tanked 3% over the past few hours, shedding $115 billion in a fall to $3.21 trillion, largely led by Bitcoin, which fell below $92,000 on some exchanges. Trump’s announcement of 10% tariffs on eight countries in Europe triggered an emergency meeting of EU leaders on Sunday. French President Emmanuel Macron reportedly asked the bloc to activate its so-called anti-coercion instrument, colloquially known as a “trade bazooka,” which could limit America’s access to European markets. Adding to the volatility this week are economic reports on GDP and inflation, which could rattle markets further. Economic Events Jan. 19 to 23 US TradFi markets are closed on Monday for Martin Luther King Jr Day, a national holiday, so there could be a delayed reaction on Tuesday as crypto markets have already tanked. The heavy-hitting data will be released on Thursday with the third-quarter GDP reports and November’s delayed Personal Consumption Expenditures (PCE) inflation data. Policymakers will be closely watching the inflation reading this week, following last week’s CPI report showing that inflation continued to cool. The report comes ahead of next week’s Federal Reserve meeting, with central bankers divided over whether to continue to lower interest rates. Key Events This Week: 1. Stock Market Futures React to Trump’s 10% EU Tariffs – Tonight 2. US Markets Closed, MLK Day – Monday 3. December Pending Home Sales data – Wednesday 4. US Q3 2025 GDP data – Thursday 5. November PCE Inflation data – Thursday 6. January S&P Global… — The Kobeissi Letter (@KobeissiLetter) January 18, 2026 In Asia, the focus will be on interest rate decisions from central banks in China on Tuesday and Japan on Friday. Around 10% of S&P 500 companies report earnings this week, and the World Economic Forum in Davos, Switzerland, also begins this week, so buckle up! Crypto Market Plunges Bitcoin has moved in the opposite direction of gold yet again as the asset dumped over $3,500 in a matter of hours in early trading in Asia on Monday. After a weekend of consolidation around the $95,000 area, BTC slumped almost 3% in a fall to a weekly low of $92,280 and had failed to recover at the time of writing. Ethereum tanked a similar amount, but managed to hold just above the $3,200 price level. Heavier losses were seen on altcoin markets as usual, with large slides for XRP, Solana, Dogecoin, and Cardano. Only Monero was bucking the trend with a 10% gain on the day to reach $615. The post 4 Things That Could Further Rattle Crypto Markets in Week Ahead appeared first on CryptoPotato .
19 Jan 2026, 06:32
Bitcoin price today: slips to $92.5k as Trump Greenland tariffs dent risk

19 Jan 2026, 04:55
Bitcoin Plummets: Trump’s Shocking Greenland Tariff Threats Trigger $860 Million Crypto Liquidation

BitcoinWorld Bitcoin Plummets: Trump’s Shocking Greenland Tariff Threats Trigger $860 Million Crypto Liquidation WASHINGTON, D.C. — February 1, 2025 — The cryptocurrency market experienced a severe tremor this weekend as Bitcoin’s price plummeted sharply, directly correlating with President Donald Trump’s unexpected announcement of new tariffs targeting eight European nations. This aggressive move, framed as leverage in ongoing negotiations to purchase Greenland, triggered an immediate risk-off sentiment across digital asset markets. Consequently, traders liquidated approximately $860 million in Bitcoin long positions within a 24-hour window, according to market data analyzed by Cointelegraph. This event starkly highlights Bitcoin’s evolving and sometimes volatile relationship with traditional geopolitical and macroeconomic forces. Bitcoin Price Drop and the Geopolitical Trigger President Trump’s Saturday announcement sent shockwaves through global financial markets. The administration declared a 10% tariff on imports from Denmark, France, Germany, and the United Kingdom, among others, effective immediately. Furthermore, President Trump warned that these rates could escalate to 25% by June if a deal for the acquisition of Greenland remained elusive. This policy represents a significant escalation in trade tensions, reviving fears of a broader transatlantic trade war. Market analysts quickly noted the parallel sell-off in risk-on assets. While traditional safe havens like gold and silver rallied, Bitcoin (BTC) behaved contrary to its once-touted ‘digital gold’ narrative. Instead, it mirrored the downward trajectory of technology stocks, which are typically sensitive to macroeconomic uncertainty and disruptions in global trade. The immediate aftermath saw Bitcoin’s price fall by over 8% in a matter of hours. This decline was not an isolated event but part of a broader cryptocurrency market correction. The sell-off pressure was exacerbated by the liquidation of leveraged long positions. When Bitcoin’s price falls rapidly, traders who have borrowed funds to bet on price increases face margin calls, forcing them to sell their holdings to cover losses. This creates a cascading effect, driving the price down further. The $860 million in liquidated long positions, as reported, underscores the scale of the leveraged speculation present in the current crypto market structure. Decoupling from Safe Havens: Bitcoin’s New Correlation For years, proponents argued that Bitcoin would act as a hedge against inflation and geopolitical instability, similar to gold. However, recent market behavior, particularly in response to events like the Greenland tariff threats, challenges this thesis. Data from the past 18 months shows an increasing correlation between Bitcoin and the Nasdaq index, which is heavily weighted toward technology companies. This correlation suggests that institutional and large-scale traders now treat Bitcoin more as a high-growth, high-risk tech asset than a stable store of value. Key factors driving this correlation include: Institutional Adoption: Major investment funds and corporations that hold Bitcoin often manage it within portfolios alongside other growth-oriented tech assets. Liquidity Dynamics: In times of market stress, investors may sell their most liquid assets first to raise cash, a category that increasingly includes Bitcoin. Macro Sensitivity: Like tech stocks, Bitcoin’s valuation is partly based on future adoption and cash flow potential, which can be dampened by economic contraction fears. Asset Performance Following Tariff Announcement (24-Hour Period) Asset Performance Classification Bitcoin (BTC) -8.2% Cryptocurrency / Risk Asset Gold (XAU) +1.8% Traditional Safe Haven Silver (XAG) +2.5% Traditional Safe Haven Nasdaq 100 Futures -1.5% Tech Stock Index U.S. Dollar Index (DXY) +0.6% Fiat Currency Expert Analysis on Market Structure Financial analysts cited in the Cointelegraph report emphasize this shifting paradigm. “The market is telling us a clear story,” noted one senior strategist. “Bitcoin is currently trading as a proxy for global risk appetite and liquidity, not as an uncorrelated hedge. Events that threaten trade and economic growth—like these sudden tariff threats—cause capital to flee from speculative tech and crypto assets toward proven defensive assets like treasury bonds and precious metals.” This analysis is supported by on-chain data showing large transfers from crypto exchange wallets to stablecoins during the sell-off, indicating a flight to perceived stability within the digital asset ecosystem itself. The Greenland Context and Broader Market Impact The underlying geopolitical issue—the U.S. pursuit of purchasing Greenland—adds a layer of unique complexity. Greenland is strategically significant due to its location and mineral resources. Using tariffs as a negotiation tool introduces substantial uncertainty for European exporters and their supply chains. For cryptocurrency markets, this uncertainty translates into volatility. The event serves as a real-time case study in how digital assets react to unconventional political maneuvers. Beyond Bitcoin, the entire crypto market cap declined by nearly $200 billion following the announcement. Altcoins, which often exhibit higher beta (volatility) relative to Bitcoin, experienced even steeper declines. The market impact extended across several dimensions: Derivatives Market Stress: The massive long liquidation caused funding rates on perpetual futures contracts to turn deeply negative, a sign of extreme bearish sentiment. DeFi Protocol Withdrawals: Decentralized Finance (DeFi) platforms saw a noticeable increase in withdrawals as users sought to reduce exposure to volatile crypto-collateralized loans. Regulatory Scrutiny: Such volatility renews focus from financial regulators concerned about consumer protection and systemic risk in crypto markets. Historical context is crucial. Similar sharp declines have occurred during previous geopolitical tensions, such as the escalation of the U.S.-China trade war in 2019. However, the direct link to a single policy announcement highlights the market’s maturation in processing information rapidly, albeit with a risk-averse bias. The speed of the sell-off also reflects the 24/7 nature of cryptocurrency trading, which lacks the circuit breakers of traditional stock exchanges. Conclusion The dramatic Bitcoin price drop following President Trump’s Greenland tariff threats provides a powerful lesson in asset correlation and market psychology. The event demonstrates that, in its current stage of adoption, Bitcoin remains highly sensitive to macroeconomic shocks and often moves in tandem with other risk assets like technology stocks. The liquidation of $860 million in long positions underscores the risks of high leverage in a volatile market driven by geopolitical headlines. While the long-term narrative for Bitcoin and digital assets remains tied to technological innovation and decentralization, short-to-medium-term price action is evidently still hostage to traditional world events. For investors, this reinforces the importance of risk management, portfolio diversification, and a nuanced understanding of the complex drivers behind cryptocurrency valuations. FAQs Q1: Why did Bitcoin’s price fall after Trump’s tariff announcement? The announcement sparked fears of a renewed trade war, prompting a ‘risk-off’ sentiment. Investors sold speculative assets like Bitcoin and tech stocks, moving capital into traditional safe havens like gold, causing a sharp price decline and triggering massive liquidations of leveraged bets. Q2: What does $860 million in ‘liquidated long positions’ mean? It means traders who had borrowed money to place bets (long positions) that Bitcoin’s price would rise were forced to sell their holdings at a loss to repay their loans after the price fell quickly. This forced selling amplified the downward price pressure. Q3: Is Bitcoin still considered ‘digital gold’ after this event? This event challenges that comparison. While gold rose, Bitcoin fell, suggesting they currently respond differently to geopolitical risk. Many analysts now see Bitcoin behaving more like a high-growth tech asset, correlated with stock market risk appetite rather than acting as a consistent hedge. Q4: How do tariffs on Europe relate to buying Greenland? The tariffs are being used as a political and economic pressure tool. By targeting key European nations, including Denmark (which governs Greenland’s foreign policy), the U.S. administration aims to create leverage in negotiations for the potential purchase of the strategically important territory. Q5: Could this price drop represent a buying opportunity? Some investors view sharp, news-driven sell-offs as potential entry points, believing the long-term fundamentals of Bitcoin remain intact. However, this carries significant risk, as further geopolitical developments or broader market declines could lead to more volatility. It underscores the need for thorough research and cautious investment strategy. This post Bitcoin Plummets: Trump’s Shocking Greenland Tariff Threats Trigger $860 Million Crypto Liquidation first appeared on BitcoinWorld .
19 Jan 2026, 04:30
Trump tariffs hit households and raise record federal tax revenue

The US government pulled in $264 billion in tariff revenue in 2025.That’s a 234% increase from what it collected in 2024, up by $185 billion. Just in December, it added $28 billion, jumping 300% from the same month a year earlier. That followed $31 billion each in October and November. The monthly average for the second half of the year hit $30 billion. If this pace holds, tariff revenue could hit $360 billion in 2026. That would be a 36% year-on-year increase. Source: Tax Foundation This explosion in revenue started right after Donald Trump came back into office in 2024. He went straight for trade. Using the International Emergency Economic Powers Act, he hit countries like China, Canada , Mexico, and the EU with new tariffs. Trump then pulled in Section 232, too. That slapped more duties on cars, trucks, steel, semiconductors, lumber, copper, aluminum, furniture, and pharmaceuticals. Trump tariffs hit households and raise record federal tax revenue Every American household is now paying more because of this. The average tax increase per household is $1,100 for 2025. It climbs to $1,500 in 2026. If the courts strike down Trump’s emergency powers later on, the increase could drop to $300 and $400, but that’s still money gone. And that doesn’t even count the higher costs people are dealing with at stores. The average applied tariff rate on all US imports is now 15.8%.The effective rate, which factors in how people change what they buy, is 11.2%. That’s the highest it’s been since World War II. The Trump tariffs also created the biggest federal tax hike by GDP share since 1993, sitting at 0.47% for 2025. On paper, these tariffs will bring in $2.2 trillion over the next ten years. But that’s only the surface. The Tax Foundation ran the numbers and said that once you count in the economic damage, it drops to $1.7 trillion. Their report breaks it down like this: Section 232 tariffs could give the government $608 billion, but after economic fallout, that becomes $453 billion. The IEEPA tariffs will bring in $1.5 trillion on paper, but after losses, it shrinks to $1.2 trillion. Source: Tax Foundation Their analysts also said , “The negative effect of foreign retaliation lowers revenue even more. Add that in, and we’re down another $146 billion over the decade.” The entire tariff framework now hangs on a Supreme Court ruling coming this week. The SCOTUS Justices will decide whether Trump had the legal right to use IEEPA to impose tariffs in the first place, and if these guys happen to say no, a huge chunk of these new taxes will vanish just like that. Starting September 1, 2025, some of them kicked back with their own tariffs on US goods, and that reaction alone will cut expected revenue by $146 billion over ten years. The economic costs don’t stop there. In 2026, after-tax income will fall by 0.3% for Americans under the Section 232 tariffs, and by 0.9% under the IEEPA tariffs. Richer households won’t feel it as much. But for everyone else, it’s already tightening wallets. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.
19 Jan 2026, 04:30
Bitcoin down, gold futures up as Europe threatens ‘trade bazooka’

Bitcoin fell 3.6% as gold futures hit record highs after the EU threatened to retaliate against Trump’s tariffs on eight European countries over Greenland.






































