Bitcoin BTC USD Price Slides Below $92K as Tariff Fears Spook Global Markets

Ben Graham · 6 horas atrás

Under Donald Trump, you can’t mention the president without tariffs. Tariffs have become a defining aspect of President Trump, and the global economy often reacts with caution. Not only do asset prices fall, but risky ones are often the most affected.

In 2025, Bitcoin and some of the best cryptos to buy could have flown to record highs if not for tariffs. Multiple tariff threats to China and European countries, some allies to the US, stalled growth. And in 2026, we are back again to fund managers possibly “managing risks” attached to tariffs.

President Trump announces tariffs on 8 European nations in a move to reach a deal to acquire Greenland. pic.twitter.com/Bzr8uIZjqF

— America (@america) January 17, 2026

On January 17, Trump proposed new tariffs on eight European countries, including the UK, Germany, and Germany. As expected, risk assets, mostly the next cryptos to explode, reversed gains, sliding. Ethereum fell towards $3,200 while Bitcoin crashed below $95,000 towards $92,000. Meanwhile, Solana crypto lost $135 but is steady above $130 at press time.

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Tariff Details: Why Trump is Targeting The 8 European Countries

As mentioned earlier, the drop was expected. If anything, it fits a familiar pattern where macro shocks, not crypto news, drive sudden price drops. From a crypto fundamental perspective, this wasn’t about a hack or a Bitcoin flaw. Instead, it was about fear. When global trade tensions rise, investors often rush to safer places, leaving volatile assets like crypto exposed.

In this case, Trump is exerting pressure on Europe and threatening to cut access to capital and economic growth. The January 17 tariffs are tied to a specific geopolitical demand: the US purchase of. The president said these levies are a response to these countries opposing US control of the territory or sending military personnel there. Target countries are European powerhouses, the UK and Germany, and most Scandinavian countries that are part of the EU: Denmark, the current owner of Greenland, and Finland.

According to Trump, in less than two weeks, starting February 1, a 10% tariff on “any and all goods” from these nations will be imposed. Four months later, in June 2026, if a deal for Greenland is not reached. The US is obsessed with Greenland, saying the tariffs as necessary for national security, specifically citing the need for a “Golden Dome” missile defense system and preventing Russian or Chinese influence in the Arctic. Only this is possible if they take over Greenland.

Trump is raising tariffs on 8 NATO allies because they rightly support Denmark's sovereignty in Greenland.

Destroying our closest alliances to take Greenland — which Denmark lets us use freely already — is insane. Congress must say NO.

— Bernie Sanders (@BernieSanders) January 17, 2026

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Will Bitcoin and Top Cryptos to Buy Reverse Losses?

Given these demands, it is clear that Bitcoin and some of the best cryptos to buy are falling, reacting to political developments. The “risk off” drop has seen the crypto market lose about $100Bn in value in a single session. That sounds scary, but in crypto terms, it’s a reaction we’ve seen before.

Bitcoin often trades like a macro asset now. Think of it like a tech stock with a global price tag. When traders expect economic stress, they cut exposure fast. For all we know, markets hate unpredictability. Sudden tariff announcements disrupt established supply chains and corporate earnings projections, leading investors to sell volatile assets and move into cash or gold. Tariffs can lead to a stronger USD in the short term as trade flows shift. Since Bitcoin is largely priced in USD, a surge in the dollar’s value often exerts downward pressure on the BTC price.

Bitcoin dropped like a stone on news that 25% tariffs on Mexico/Canada, and 10% tariffs on China go into effect tomorrow. pic.twitter.com/aG61ZqjUk3

— Joe Consorti (@JoeConsorti) January 31, 2025

We saw this pattern throughout 2025. During earlier tariff scares, Bitcoin fell into the $82,000–$91,000 range as investors pulled back. This week’s dip fits that same script. For now, traders only have to wait. The EU has already hinted at using its “anti-coercion” instrument to hit back. A “tit-for-tat” trade war reduces global GDP, which is fundamentally bearish for the growth-sensitive tech and crypto sectors.

BREAKING: France’s President Macron calls for the EU to activate its "most potent trade weapon" against the US after President Trump's tariff threat over Greenland.

Macron is now calling for the use of the EU's "anti-coercion instrument."

If used against the US, it would… pic.twitter.com/E47Bpe03lK

— The Kobeissi Letter (@KobeissiLetter) January 18, 2026

The impact will also be felt in the US. If tariffs cause the price of consumer goods to rise, it may force the Federal Reserve to keep interest rates higher for longer. High interest rates are generally bearish for Bitcoin, as they make “risk-free” yields, like bonds, more attractive, heaping more pressure on prices.

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