Tariff Threat Shocks Market: Trump's Post Triggers Bitcoin Safe-Haven Sell-off
Cryptocurrency markets experienced a sharp sell-off on the morning of January 19, with Bitcoin dropping from $95,531 to a low of $91,910. Ethereum and Solana also saw significant declines, along with several altcoins falling over 10%. The sell-off resulted in $830 million in liquidations over 12 hours, predominantly long positions.
The downturn was triggered by former U.S. President Donald Trump’s announcement on Truth Social that the U.S. would impose tariffs—starting at 10% on February 1 and rising to 25% by June—on imports from eight European countries, including Denmark, Germany, and the UK. The move is tied to Trump’s demand for a “complete and total purchase of Greenland,” citing unspecified security concerns. European leaders strongly opposed the tariffs, warning of strained transatlantic relations and potential benefits to geopolitical rivals like China and Russia.
Meanwhile, traditional safe-haven assets like gold and silver surged to record highs amid the geopolitical tension and market uncertainty. With a 96% probability that the Federal Reserve will hold interest rates steady, risk assets faced additional pressure. Market analysts suggested that investors take profits and await clearer signals, though some remain optimistic about Bitcoin’s long-term potential, citing macroeconomic trends and increasing demand.
比推01/19 15:05
