Overview
- Bitcoin slid from roughly $95,000 to about $92,000 over the weekend and has since hovered near that level, according to Coinbase and CoinGecko data.
- Coinglass reported approximately $860–$875 million in 24-hour liquidations, with about 90% from long positions as leveraged bets were flushed.
- President Trump set 10% tariffs on imports from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands and Finland starting February 1, rising to 25% by June unless a Greenland transfer is agreed.
- European leaders condemned the plan as coercive and weighed retaliation, including activating the EU anti‑coercion instrument and potential counter‑tariffs around €93 billion ($108 billion).
- Gold and silver jumped to record highs, holiday-thinned U.S. liquidity amplified moves, and spot Bitcoin ETFs recorded about $395 million in net outflows on Friday.