#TariffTensionsHitCryptoMarket US President Trump just announced new tariffs on 8 European countries (Denmark, Norway, Sweden, France, Germany, UK, Netherlands, Finland) starting Feb 1 at 10%, rising to 25% by June, unless Greenland is sold to the US.
This Greenland dispute has now escalated into full-blown US-EU trade war fears, echoing memories of the 2025 tariff shocks that wiped billions off crypto markets.
Immediate Market Reaction:
BTC briefly dipped below $92,000 (~3.6% loss)
ETH under $3,200 (~4-5% drop)
Solana & other alts hit even harder
Over $800M+ in liquidations triggered
Risk-of