Key Takeaways
The total crypto market capitalization slid nearly 3% to around $3.2 trillion, per CoinGecko.
Bitcoin fell from above $95,000 to near $92,000, leading to liquidation losses of $229 million. Ethereum followed with $153 million in liquidations. The largest single loss was a $25.8 million BTC-USDT position on Hyperliquid.
The crypto market declined into the new week as geopolitical tensions rose following President Trump’s threat of tariffs on Denmark and key European allies over the Greenland dispute.
The plan includes a 10% tariff, effective in February, which will escalate to 25% in June if negotiations fail. Trump argued that these nations have long benefited from US protection and claimed Greenland is critical to countering growing foreign influence and supporting the development of the “Golden Dome” missile defense system.
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The total crypto market capitalization slid nearly 3% to around $3.2 trillion, per CoinGecko.
Bitcoin fell from above $95,000 to near $92,000, leading to liquidation losses of $229 million. Ethereum followed with $153 million in liquidations. The largest single loss was a $25.8 million BTC-USDT position on Hyperliquid.
The crypto market declined into the new week as geopolitical tensions rose following President Trump’s threat of tariffs on Denmark and key European allies over the Greenland dispute.
The plan includes a 10% tariff, effective in February, which will escalate to 25% in June if negotiations fail. Trump argued that these nations have long benefited from US protection and claimed Greenland is critical to countering growing foreign influence and supporting the development of the “Golden Dome” missile defense system.
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