Overview
- Bitcoin fell roughly $3,500–$4,000 in hours to an intraday low near $92,000 before stabilizing in the low-$92,000 range.
- Forced liquidations totaled about $864 million to $900 million across crypto, with roughly 90% hitting long positions as thin weekend liquidity amplified the move.
- President Trump detailed 10% U.S. tariffs on eight European countries from Feb. 1, rising to 25% by June if unresolved, tying the plan to a push to acquire Greenland.
- European leaders condemned the plan as blackmail and discussed deploying the EU’s anti‑coercion instrument and potential retaliatory tariffs estimated around €93–€108 billion.
- Investors rotated to safe havens with gold futures at record highs near $4,670–$4,680 per ounce and silver above $93, while regulatory uncertainty from a delayed U.S. crypto bill and a pending Supreme Court tariff ruling added pressure.