The post Trump’s tariff shock sends Bitcoin reeling – Can BTC’s support hold? appeared on BitcoinEthereumNews.com.

Just as global markets were beginning to price in the stability of the New Year optimism, the Trump administration has introduced new volatility. Over the weekend, President Donald Trump made a major shift in U.S.–Europe trade policy by announcing a blanket 10% tariff. As per the update, the tariffs will apply to eight European allies, including Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland, starting on the 1st of February. In his Truth Social platform, Trump said,  “We have subsidized Denmark, and all of the Countries of the European Union, and others, for many years by not charging them Tariffs, or any other forms of remuneration.” He added,  “Now, after Centuries, it is time for Denmark to give back – World Peace is at stake!” Additionally, Trump also added a clear warning that if the U.S. does not reach a deal to buy Greenland by 1st June, those tariffs will rise sharply to 25%. The crypto market faces Trump’s tariff jolt Needless to say, markets reacted immediately by pulling back from risk. Investors rushed into safe assets like gold and silver, sending gold prices to record highs near $4,667 per ounce. Crypto markets, however, struggled. According to real-time order flow, over $4 billion in BTC was offloaded in a single hour of trading, suggesting a “coordinated dump” rather than a spontaneous retail panic. The selling pressure was heavily concentrated among market makers and major exchanges. Insiders led the activity, selling a total of 22,918 BTC, followed by market maker Wintermute with 4,191 BTC. Large exchanges also contributed significantly, with Bybit selling 3,339 BTC, Coinbase offloading 2,417 BTC, and Binance selling 2,301 BTC. Token’s price action On the price front, Bitcoin [BTC] struggled to hold the $93,000 support level, dropping 2.26% after failing to reclaim the $95,000 psychological…

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Filed under: News - @ January 19, 2026 5:23 pm