Gold Hits Record High, Bitcoin Plummets Amid US-EU Tariff Tensions!

Updated

January 20, 2026

Gambar Gold Hits Record High, Bitcoin Plummets Amid US-EU Tariff Tensions!

Jakarta, Pintu News – Tariff tensions between US President Donald Trump and the European Union triggered opposing movements between gold and Bitcoin . Gold reached new record highs in response to heightened geopolitical uncertainty, while the major cryptocurrency saw a decline. This phenomenon repeats a pattern that occurred last October and reignited discussions about the future prospects of both assets.

Escalation of US-EU Tariff Tensions

BREAKING: Stock market futures officially open for the first time since President Trump announced 10% tariffs on 8 EU countries, demanding an acquisition of Greenland:

1. S&P 500: -0.7%
2. Nasdaq 100: -1%
3. Dow Jones: -0.5%
4. Gold: +1%
5. Silver: +3%

It’s going to be an…
— The Kobeissi Letter (@KobeissiLetter) January 18, 2026

On January 17, 2026, President Trump announced the implementation of a 10% tariff against several European countries including Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland that will take effect on February 1. This tariff will increase to 25% on June 1 and will remain in place until the United States secures a deal to purchase Greenland.

BREAKING: Bitcoin falls nearly -$4,000 as $500 million worth of levered longs are liquidated in 60 minutes. pic.twitter.com/dQXohc3n5P
— The Kobeissi Letter (@KobeissiLetter) January 19, 2026

Representatives from the eight countries affected by the new US tariffs gathered in an emergency meeting. In a joint statement, President Costa and President von der Leyen emphasized that the EU “stands in solidarity” with Denmark and the people of Greenland. This signaled a uniform political response from the EU to Washington’s latest move.

Impact of Tariffs on the Market

Today was a perfect example of how retail/plebs are unable to price Bitcoin. Despite 24/7 trading, Bitcoin did not react to Trump's announcement for about 36 hours. It was only until institutional trading opened in Asia that price reacted (gold, bitcoin, etc). This illustrates… pic.twitter.com/4V17HatztR
— Timothy Peterson (@nsquaredvalue) January 19, 2026

The market reacted quickly to the tariff news, but in the opposite way. Gold prices jumped to $4,690 per ounce in early trading in Asia today, recording a new record high. Meanwhile, silver prices also rose to reach new highs above $94 per ounce.

🚨 NEXT WEEK COULD SHAKE THE ENTIRE MARKET.

Stocks and crypto are about to face one of the most dangerous combinations of news we’ve seen in months.

Two huge events are hitting at the same time:
1) New Trump tariffs on Europe
2) A Supreme Court ruling on tariffs

Both land… pic.twitter.com/ghGBEnVWSB
— Crypto Rover (@cryptorover) January 18, 2026

On the other hand, stock markets opened lower. Bitcoin (BTC) also followed the decline of other risk assets. Data from BeInCrypto Markets shows that Bitcoin (BTC) fell below the $95,000 level. Currently, the asset is trading at $92,574, down 2.67% in the last 24 hours. The total crypto market capitalization fell by almost $98 billion during the same period.

Also Read: Gold and Silver Set New Record Highs, Bitcoin (BTC) Plummets!

Bitcoin’s Outlook Amid Tensions

Bitcoin/Gold Five-Year Curse?
At 20x, Bitcoin/gold is unchanged from five years ago. What’s next for the ounces of the ancient store of value with three precious metals’ companions vs. the crypto with millions?
My bias is continuing reversion toward 10x vs. back to 30x.
On… pic.twitter.com/jY3yQD3FVv
— Mike McGlone (@mikemcglone11) January 19, 2026

Analyst Timothy Peterson observed that although Bitcoin (BTC) trades 24/7, its price only reacted around 36 hours after Trump’s announcement, dropping as institutional trading began in Asia. Crypto Rover warned that this week “could shake up the entire market,” with a convergence of major policy developments that could trigger volatility in the stock and crypto markets.

Everyone expects Bitcoin to follow gold’s lead and rally to new highs. But the market has given speculators way too much time to buy. What’s far more likely is that Bitcoin’s failure to match gold’s gains undermines its narrative as digital gold, resulting in a spectacular crash.
— Peter Schiff (@PeterSchiff) January 19, 2026

Mike McGlone, senior commodities strategist at Bloomberg Intelligence, suggested that the Bitcoin-to-gold ratio will likely continue to decline towards 10x, a move that would signal gold’s outperformance, rather than a rebound towards 30x in Bitcoin’s (BTC) favor. Nonetheless, there is still optimism from some analysts who expect Bitcoin (BTC) to catch up with gold.

Conclusion

Global M2 expansion is already being priced in by gold and silver

Both metals moved first as liquidity accelerated, while Bitcoin is still lagging below the trend

Historically, $BTC catches up late in the cycle, not early

We are going higher pic.twitter.com/CJOaVl8bIi
— BLADE (@BladeDefi) January 18, 2026

With rising trade tensions and deteriorating risk appetite, the market will soon reveal if Bitcoin (BTC) can catch up or if gold remains the undisputed hedging standard.

Also Read: Ripple (XRP) likely to reach US$5? This is the price and risk analysis!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.