"Tuesday morning, Bitcoin was trading at around $91,000, which was down around 4.5% over the past five days. It had been trading around $95,000, but took a tumble late Sunday evening, suddenly falling to less than $93,000, and trended downward early Tuesday. Ethereum, or ETH, followed a similar trajectory: ETH values are down almost 8% over the past five days, and are currently trading just north of $3,000. XRP did the same and, as of Tuesday morning, is down roughly 7%."
"Geopolitical tensions appear to be at the center of things, with President Trump issuing threats of new tariffs on European countries over the weekend. That threat comes in response to Trump's desire to acquire Greenland from Denmark, which Denmark, and the rest of Europe, have balked at. Specifically, Trump threatened new 10% tariffs on Denmark, Norway, Sweden, Finland, France, Germany, the Netherlands, and the United Kingdom. Those tariffs would commence on February 1. Trump also said the tariffs would rise to 25% at the beginning of June if Denmark does not agree to negotiate some sort of transfer of Greenland to the U.S."
Bitcoin fell to around $91,000 Tuesday morning, down about 4.5% over the past five days after tumbling from roughly $95,000 to below $93,000 late Sunday and continuing downward. Ethereum dropped nearly 8% over five days to just above $3,000, and XRP declined about 7%. The overall crypto market declined more than 3% since Monday according to the CoinDesk 20 index. Broader markets slipped as well, with the S&P 500 down about 1.5% at the start of Tuesday trading. Geopolitical tensions tied to U.S. tariff threats over Greenland negotiations appear to be the cited catalyst.
Read at Fast Company
Unable to calculate read time
Collection
[
|
...
]