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🔽Trade War Hits BTC
After Trump's ultimatum in the form of tariffs against Europe, if Denmark does not give up Greenland, the EU responds. They are preparing tariffs and market restrictions on American companies amounting to up to $100 billion.
📉Bitcoin fell below $93 thousand, leading to total liquidations of $869.48 million over 24 hours.
🪙Gold futures soared to a record high of $4660 per ounce amid market reactions to President Trump's new 10% tariffs on goods from EU countries.
🇺🇸This week in Davos, as part of the World Economic Forum, Trump is expected to meet with European leaders whom he has threatened with tariffs.