Guy Fawkes 
Fresh US-EU tariffs threats pushed crypto markets lower over the weekend as traders moved quickly to reduce risk. Bitcoin slid from near $97,000 to below $93,000, while many altcoins posted even steeper losses. All because of tariffs, again.
Why now? Apparently, a very petty reason. President Trump’s renewed focus on Greenland appears to be tied to rumours that he was passed over for the Nobel Peace Prize.
Yes, really.
This is insane. Trump just wrote a letter to the prime minister of Norway essentially saying “you didn’t give me the Nobel Peace Prize so I’m choosing to invade Greenland because of it.” This is INSANE. It’s about to get a lot worse. pic.twitter.com/L2hysxLJjJ
— Harry Sisson (@harryjsisson) January 19, 2026
DISCOVER: Top 20 Crypto to Buy in 2026
Trump Said: No Nobel For Me? Then Tariffs For the EU
Donald Trump has long wanted to acquire the Danish territory for strategic reasons. After the 2025 Nobel went to someone else, Trump escalated threats, including hints of military action if Denmark refused to sell.
This led to tariff plans on eight European countries (Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, Finland), starting at 10% on February 1 and rising to 25% by June if no agreement is reached.
The move landed during a fragile macro moment, where inflation worries and trade tensions already had investors on edge.
Liquidations followed fast: forced sell-offs topped $871 million in hours. This is the same pattern we saw during past trade scares.
European leaders have responded with possible counter-tariffs and trade defense tools.
The US-EU Tariffs Fear Tanks The Markets As Bitcoin Fell to $92K
Bitcoin
2.21%
Bitcoin
BTC
Price
$93,209.47
2.21% /24h
Volume in 24h
$34.37B
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Price 7d
tumbled from near $97,000 to a low of around $92,000 in minutes on January 19, 2026, shedding over 3% in a flash. Altcoins fared worse:
Ethereum
3.17%
Ethereum
ETH
Price
$3,220.01
3.17% /24h
Volume in 24h
$21.52B
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Price 7d
dipped 4-5%,
Solana
6.05%
Solana
SOL
Price
$134.42
6.05% /24h
Volume in 24h
$4.37B
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Price 7d
cratered up to 8-9%, and meme coins like
Dogecoin
6.59%
Dogecoin
DOGE
Price
$0.1299
6.59% /24h
Volume in 24h
$2.00B
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Price 7d
got wrecked with double-digit losses. Why so fast? Leverage. Tons of traders were betting big with borrowed money, and when prices dipped, automated sell-offs (liquidations) snowballed into a $871 million bloodbath.
In just the past hour, over $514M in long positions have been liquidated.https://t.co/NOSh8TO3mO pic.twitter.com/xRRIhvSFcd
— Lookonchain (@lookonchain) January 19, 2026
But here’s the silver lining: Bitcoin bounced back quicker than the pack, reclaiming half its losses by Monday. Spot Bitcoin ETFs even saw fresh inflows amid the chaos, as big-money players rotated in for the dip.
LAST WEEK: U.S. SPOT $BTC ETFS SEE $1.42B WEEKLY INFLOWS, HIGHEST SINCE OCTOBER 2025
— 𓂀 𝕄𝕒𝕪𝕠𝕣.𝔼𝕋ℍ 𓂀 (@MayorEthx) January 19, 2026
Some investors even rotated into Bitcoin as a safer option within crypto. Bitcoin exchange-traded funds, which work like stock market wrappers around BTC, saw renewed inflows during the chaos.
EXPLORE: Ethereum Hits Transaction Record as Fees Crash to Pennies
Is This Really the Start of Crypto Winter 2026?
Bearish voices point to history. Post-halving years often cool off, and tariff fights slow global growth. Some analysts now talk openly about Bitcoin revisiting the $67,000–$75,000 range.
The counterpoint matters. Supporters argue that this drop came from fear and leverage, not broken fundamentals. Institutions are more involved than in past cycles, and Bitcoin often recovers once panic fades.
(Source: TradingView)
Bitcoin’s sell-off pushed price back into a familiar support zone around $92,000. So far, buyers are defending that level, but the broader structure remains weak. Unless BTC reclaims the $108,000 area, recent gains look more like a pause than a clear trend reversal.
DISCOVER:
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The post Trump’s Greenland Tantrum Ignites US-EU Tariffs War and Tanks Crypto appeared first on 99Bitcoins.
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