Tariff policy stirs the market: Bitcoin retraces to 92,000, gold hits a new all-time high

GasWrangler · 2026-01-20T05:06:16+00:00

Trump announces 200% tariffs on French wine and champagne, triggering market volatility. Bitcoin briefly drops below $92,000, and gold prices approach the historic high of $4,700, reflecting market concerns over trade uncertainties and the strong performance of safe-haven assets.

GasWrangler

2026-01-20 05:06:16

Abstract generation in progress

【Blockchain Rhythm】 Recent tariff policy turmoil has caused quite a stir in the market. On January 20, Trump made a major announcement, declaring a 200% tariff on French wine and champagne, and also stated that the Greenland issue would be discussed at the Davos Forum.

These policy signals immediately impacted the crypto market. According to HTX market data, Bitcoin came under pressure and retreated, briefly falling below the $92,000 mark. At the same time, safe-haven assets performed strongly — Bitget’s gold price showed that gold has risen to $4,691.6 per ounce, approaching the $4,700 psychological level, reaching a new all-time high.

This move reflects market concerns over escalating trade tensions. When policy uncertainty arises, risk assets like Bitcoin tend to be the first to react negatively, while gold, as a traditional safe haven, tends to strengthen accordingly. The seesaw effect between the two markets is playing out once again.

BTC-2.11%

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FancyResearchLab

· 1h ago

Here it comes again. As soon as tariffs are announced, BTC plunges. Now I understand—facing policy uncertainty, our "digital gold" has become the biggest experiment. Theoretically, it should be feasible, but in the end, it still has to obediently retrace. Gold, on the other hand, is steadily reaching new highs. How is this teeter-totter effect always so accurate every time?

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BlockchainTalker

· 4h ago

actually ngl the tariff theatre is just classic macro volatility theater. when policy uncertainty spikes, it's like watching game theory in real time—btc dumps while gold pumps because risk appetite inversions are fundamentally predictable tbh. 200% on french wine tho? that's unhinged lmao

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EternalMiner

· 4h ago

Dropped again, 92,000 didn't hold, but gold is soaring to new highs—this routine feels so familiar. BTC is so timid, still lacking vision; wait until policies are implemented. Tariff issues, all assets are looking for an exit, the seesaw is playing happily. Getting off-topic, anyway I’m just dollar-cost averaging and not moving; let’s see how far this wave can go. Gold prices have hit record highs, why is Bitcoin still hesitating? Laughing to death. One word from Trump, and the market starts self-examining—kind of interesting. 92,000, stop bouncing back and forth; either keep falling or surge up, don’t drag it out. Gold is truly the king of safe havens; the more chaotic, the more it roars. BTC should learn from that. When policy gets chaotic, risk assets run first—this move makes perfect sense.

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GateUser-9f682d4c

· 4h ago

Here we go again? Bitcoin drops while gold rises. How many times has this script played out? As soon as tariffs are announced, it crashes downward. It's really getting annoying.

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Rekt_Recovery

· 4h ago

ngl watching btc dump below 92k while gold pumps to new aths hits different when you've been liquidated before... the seesaw never stops does it

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SerumSquirrel

· 5h ago

Here we go again. Every time there's a little wind, people start selling coins to buy gold. This routine has been played for years and it's still the same. Trump's mouth is all talk about 200% tariffs, and the crypto folks are starting to panic? I think the technicals haven't stabilized above 92,000 yet. Gold hits new highs again. Gold really is stable. Compared to that, gold sleeps more soundly. If this seesaw keeps turning like this, does anyone still want to hold onto coins? But to be fair, policy uncertainty... keeps harvesting wave after wave.

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DaoTherapy

· 5h ago

Here we go again, as soon as Trump opens his mouth, Bitcoin has to kneel, gold keeps soaring nonstop, this seesaw game is really playing it well. --- Breaking 92,000? It is what it is, we've seen worse, just waiting for the next rebound. --- 200% tariffs? This guy is really ruthless, the market was directly stunned, risk assets are taking a hit across the board. --- Laughing, just one policy expectation can crash the coin price, this resilience is truly average. --- Gold has hit a new high again, traditional assets are winning big this round, while crypto still has to stay low. --- But on the other hand, such volatility is an opportunity for bottom-fishers, it all depends on who dares to take action. --- The seesaw effect is so obvious, it feels like the next policy easing will make the coins rebound, and then gold will probably fall again.

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