Bitcoin Falls, Gold Surges: US-Europe Trade Tensions Fuel Market Concerns!

Jakarta, Pintu News – Bitcoin (BTC) saw a sharp drop of $3,500 on Monday, following US President Donald Trump’s threat of new trade tariffs against several European countries. Meanwhile, gold prices hit record highs as the market reacted to escalating trade tensions.

Bitcoin’s Decline and Gold’s Surge

Bitcoin (BTC) experienced a drastic 3.6% drop within hours, dropping from $95,450 to below $92,000 on Coinbase in early Monday morning trading. This drop came after Trump’s announcement of tariffs, which triggered the liquidation of approximately $750 million worth of long positions within four hours.

The total liquidation in 24 hours reached over $860 million. Despite the slight recovery, Bitcoin (BTC) is trading at $92,580 at the time of writing. Meanwhile, gold recorded significant gains, with futures prices hitting a record high of $4,667 per ounce. Silver wasn’t left behind either, with futures surging above $93 per ounce for the first time in history. These gains show that precious metals continue to separate themselves from digital assets, while stock futures also saw declines.

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

Europe’s Response to Trump’s Tariffs

President Trump announced plans to impose a 10% tariff starting February 1 on imports from several European countries, including Denmark, Sweden, France, Germany, the Netherlands, and Finland. These tariffs are scheduled to rise to 25% in June if no agreement is reached. The UK and Norway are also included in the list of countries that will face higher tariffs from the US.

In response, European leaders, including French President Emmanuel Macron, urged the EU to activate “anti-coercion instruments,” known as “trade bazookas,” that could restrict US access to EU markets. The EU is also considering 93 billion euros ($108 billion) worth of previously pending retaliatory tariffs.

Trade War Concerns Worsen Market Mood

Crypto industry analysts stated that trade tensions could create a risk-off atmosphere in the market. Andri Fauzan Adziima, head of research at Bitrue, stated that Trump’s tariffs on Greenland triggered trade war fears and created a risk-off atmosphere in the market.

Bitcoin (BTC), which behaves like a tech stock, fell below $93,000 due to liquidation and fear, showing how this asset is affected by major economic shocks. Jeff Mei, chief operations officer at the BTSE exchange, added that the threat of a trade war “caused market jitters – especially since this time Trump threatened some of America’s closest allies.”

Conclusion

In the face of global economic uncertainty, investors seem to be seeking safety in gold, while digital assets such as Bitcoin (BTC) are under pressure. This dynamic suggests a shift in investor preferences in the face of heightened geopolitical and economic tensions.

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

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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.

Reference

• Cointelegraph. Bitcoin down, gold futures up, Europe threatens trade bazooka. Accessed on January 20, 2026