BTC Crashes Below $92K as Liquidations Surge Toward $900M on US–EU Trade War Escalation
The anticipated volatility as a result of newest developments on the US-EU commerce warfare lastly arrived in crypto as BTC, alongside all altcoins, plunged laborious as Asian and a few futures markets opened.
Somewhat anticipated, the liquidations are on the rise, with over $870 million wrecked prior to now 24 hours. Naturally, longs are accountable for the lion’s share (almost $790 million). The complete variety of liquidated merchants has skyrocketed to only shy of 250,000, in accordance with information from CoinGlass.
Recall the most recent developments on the commerce warfare entrance between the so-called allies. US President Donald Trump has insisted that his nation’s nationwide safety depends on the “full acquisition” of Greenland, which is beneath Denmark’s management.
Following weeks of constructing stress, eight nations from the EU despatched a handful of troopers to the island for a reconnaissance mission. Trump responded instantly with a brand new set of 10% tariffs towards all eight, ranging from February 1.
The EU held an emergency assembly, whereas French President Macron reportedly pushed for the activation of a so-called anti-coercion instrument identified as a “commerce baooka,” which has by no means been used earlier than and would restrict America’s entry to European Markets.
The US spot markets will stay closed as we speak as it’s MLK Day. However, Asian markets slid on Monday morning, and so did the dollar towards the yen and the Swiss franc. US futures additionally dropped by as much as 1.3% within the case of Nasdaq futures.
As talked about above, BTC’s worth headed south earlier this morning, at present struggling to stay above $92,500. At the identical time, gold exploded as soon as once more to one more all-time high.
Gold vs Bitcoin proper now
I really like this trade pic.twitter.com/wviLVKR0uj
— Travis Connors (@TravConnors) January 18, 2026
The publish BTC Crashes Below $92K as Liquidations Surge Toward $900M on US–EU Trade War Escalation appeared first on CryptoPotato.
