Jan 19, 2026
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Trump’s Tariff Threat Triggers Crypto Market Sell-Off and Liquidations
Bitcoin dropped to $91,920, down 3.8% from $95,500, as geopolitical tensions impacted the crypto market. Ether fell by 5.3% to $3,177, while XRP and Solana saw declines of 10.4% and 9%, respectively.
Key Factors Affecting Crypto Market
- President Trump's announcement of additional tariffs on imports from several European countries triggered market volatility.
- European leaders criticized the move, calling it "blackmail," and warned it could damage transatlantic relations.
- French President Macron threatened to use the EU's "anti-coercion instrument" against the US.
The immediate impact of these announcements led to a global repricing of risk, affecting liquid markets like crypto.
Market Dynamics
- On-chain indicators showed strong selling pressure, particularly among US "whales," not linked to ETF activities.
- The Coinbase Premium Gap indicated increased selling pressure in US markets compared to international platforms.
- Futures liquidations totaled $874.93 million, with longs accounting for $787.92 million, reflecting forced closures as prices fell.
Bitcoin has since recovered to $93,000.
