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Bitcoin today: falls to $92.5K amid Trump’s tariffs
Bitcoin fell during Asian trading on Monday, trimming last week’s recovery after tariffs imposed by U.S. President Donald Trump on major European countries over Greenland dampened risk appetite.
Broader cryptocurrency prices also declined alongside Bitcoin, with several tokens seeing profit-taking after last week’s gains.
Bitcoin dropped 2.8% to $92,519.6 by 05:56 GMT. The world’s largest cryptocurrency rose about 5% last week, but is now trading below those highs.
Sentiment was also weighed down by delays to a long-anticipated U.S. bill aimed at creating a regulatory framework for the crypto industry, after lawmakers postponed discussions due to objections from several industry participants, most notably Coinbase.
Trump’s Greenland tariffs weigh on market sentiment
Trump said he would impose import tariffs of up to 25% on several major European countries, including Denmark, France and the United Kingdom, until an agreement is reached to transfer Greenland to U.S. control.
His demands were widely rejected by European leaders, with France reportedly preparing retaliatory economic measures against the United States.
The exchange sparked heavy losses across global risk-oriented markets amid fears of a potential NATO fracture and more direct U.S. actions to secure Greenland.
Trump, who has repeatedly demanded Greenland on national security grounds, also raised the prospect of military action on Danish territory. The threat is seen as carrying greater weight, particularly after the U.S. invasion of Venezuela in early 2026.
While trade tariffs and geopolitical tensions do not directly affect cryptocurrencies, they reduce the risk appetite required for investment in speculative assets. Trump’s tariff threats throughout 2025 have triggered several risk-off moves in crypto markets.
Heightened risk aversion also pushed traders toward physical safe-haven assets such as gold, rather than cryptocurrencies.
Nearly $900M in liquidations hit crypto markets
Crypto markets saw $869.5 million in liquidations over the past 24 hours as Trump’s tariffs intensified risk-off sentiment.
Most liquidations were in long positions, with about $229.5 million in Bitcoin longs wiped out, according to Coinglass. Ethereum and Solana saw liquidations of $154.6 million and $60.5 million, respectively.
Weekend losses largely erased last week’s modest recovery in cryptocurrencies, while overall sentiment toward the sector remained fragile.
Crypto prices today: altcoins fall with Bitcoin
Broader cryptocurrency prices mostly declined on Monday, tracking Bitcoin’s drop.
The world’s second-largest cryptocurrency Ethereum fell 3.5% to $3,199.06, while XRP lost 4.7% and slipped below $2.
Solana dropped 6.6%, while Cardano and BNB fell 7.8% and 2.3%, respectively.
Among meme coins, Dogecoin slid 7.4%, while TRUMP lost 6.4%.
See also: "XRP reserves on Binance drop by 45%. Is a price increase ahead?"
