Stocks and Dollar Feel the Blow Along with the Global Crypto Market

TheNewsCryptoОпубліковано о 2026-01-20Востаннє оновлено о 2026-01-20

Анотація

The US dollar and global stocks have declined, diverting attention to the Greenland meeting. The crypto market also experienced a downturn, with its total market cap falling 2.24% and nearing the $3 trillion mark. Major cryptocurrencies like BTC and ETH dropped over 2% and 3.5%, testing key resistance levels at $90k and $3k respectively. The decline is partly attributed to Trump's announced tariffs on EU nations and international trade uncertainty, triggering a "Sell America" sentiment. Investors are seeking safety in gold and silver. A meeting in Davos is anticipated to address these tensions, as Trump's proposed tariffs, including rates up to 200% on French wines, are scheduled to take effect in 2026.

The US Dollar has plunged, and stocks have declined, with all attention now diverted to the Greenland meeting. The global crypto market has felt this pinch, evident from some of the top tokens losing their value significantly. Meanwhile, investors continue to seek a safety net in Gold and Silver.

Stocks and US Dollar

Stocks have plummeted, possibly reacting to Trump’s tariff announcement on EU nations. Nasdaq and S&P 500 have slipped by more than 1%. European futures have lost 0.27% while STOXX 600 is down by 1.2%. Japan’s Yen was last seen at 158.08 against the dollar.

The jolt of international uncertainty has hit American currency as well. The dollar index is $98.912, 0.18% lower, while the Swiss franc rose by 0.7% to a one-week high of 0.7956. As of now, per a report by Reuters, conversations around Sell America trade are gaining traction. This is a situation where investors look to sell the dollar, treasury bonds, and stocks.

Global Crypto Market Testing Key Resistance

The global crypto market cap is inching closer to the $3 trillion mark with the recent decline of 2.24%. The FGI has shifted to 42 points, and the Altcoin Index has slipped to 26 points. Top tokens like BTC and ETH are testing critical resistance levels after dropping 2.04% and 3.52% of their respective values in the last 24 hours.

BTC is trading at $91,102.11, while constantly testing the resistance at around $90k. ETH is exchanging hands at $3,097.86 with resistance pinned at approximately $3k. Other cryptocurrency market giants that have lost their momentum in the last 24 hours are BNB (-1.68%), XRP (-2.67%), and SOL (-3.56%), to mention a few.

Attention on Davos

International trade uncertainty, which acted as one of the major factors to trigger the ongoing turbulence in the crypto market, is rooted in, to some extent, Trump’s intention of taking over Greenland. A meeting is scheduled to happen in Davos, wherein it is anticipated that leaders will reach a consensus.

US President Donald Trump has already announced 2-phased tariffs. These are 10% & 25%, on EU nations. The former is tentatively scheduled to be effective on February 01, 2026, while the higher rate could go live on June 01, 2026.

Additionally, he has threatened to book a tariff rate of up to 200% on French wines and champagne with an aim to persuade French President Macron to join the Board of Peace.

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TagsCrypto MarketDollar

Пов'язані питання

QWhat are the main factors causing the decline in stocks and the US dollar according to the article?

AThe decline is attributed to Trump's tariff announcement on EU nations and international trade uncertainty, including his intention of taking over Greenland, which has diverted attention to the Greenland meeting.

QHow much has the global crypto market cap declined, and what is it approaching?

AThe global crypto market cap has declined by 2.24% and is inching closer to the $3 trillion mark.

QWhat are the current trading values and key resistance levels for BTC and ETH?

ABTC is trading at $91,102.11, testing resistance around $90k, while ETH is at $3,097.86 with resistance pinned at approximately $3k.

QWhat is the 'Sell America' trade mentioned in the article?

AThe 'Sell America' trade refers to a situation where investors look to sell the US dollar, treasury bonds, and stocks due to international uncertainty.

QWhat action has Trump taken regarding French wines and champagne, and why?

ATrump has threatened to impose a tariff rate of up to 200% on French wines and champagne to persuade French President Macron to join the Board of Peace.

Пов'язані матеріали

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