{"id":40251,"date":"2026-01-19T07:50:28","date_gmt":"2026-01-19T07:50:28","guid":{"rendered":"https:\/\/financialrush.com\/?p=40251"},"modified":"2026-01-19T07:50:28","modified_gmt":"2026-01-19T07:50:28","slug":"btc-crashes-below-92k-as-liquidations-surge-toward-900m-on-us-eu-trade-war-escalation","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=40251","title":{"rendered":"BTC Crashes Below $92K as Liquidations Surge Toward $900M on US\u2013EU Trade War Escalation"},"content":{"rendered":"

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The anticipated volatility due to the latest developments on the US-EU trade war finally arrived in crypto as BTC, alongside all altcoins, plunged hard as Asian and some futures markets opened.<\/p>\n

Somewhat expected, the liquidations are on the rise, with over $870 million wrecked in the past 24 hours. Naturally, longs are responsible for the lion’s share (nearly $790 million). The total number of liquidated traders has skyrocketed to just shy of 250,000, according to data from CoinGlass.<\/p>\n

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Liquidation Data on CoinGlass<\/figcaption><\/figure>\n

Recall the latest developments on the trade war front between the so-called allies. US President Donald Trump has insisted that his country’s national security relies on the “complete acquisition” of Greenland, which is under Denmark’s control.<\/p>\n

Following weeks of building tension, eight countries from the EU sent a handful of soldiers to the island for a reconnaissance mission. Trump responded<\/a> immediately with a new set of 10% tariffs against all eight, starting from February 1.<\/p>\n

The EU held<\/a> an emergency meeting, while French President Macron reportedly pushed<\/a> for the activation of a so-called anti-coercion instrument known as a “trade baooka,” which has never been used before and would limit America’s access to European Markets.<\/p>\n

The US spot markets will remain closed today as it’s MLK Day. However, Asian markets slid<\/a> on Monday morning, and so did the greenback against the yen and the Swiss franc. US futures also dropped by up to 1.3% in the case of Nasdaq futures.<\/p>\n

As mentioned above, BTC’s price headed south earlier this morning, currently struggling to remain above $92,500. At the same time, gold exploded once again to yet another all-time high.<\/p>\n

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Gold vs Bitcoin right now \"\ud83d\ude02\"<\/p>\n

I love this industry pic.twitter.com\/wviLVKR0uj<\/a><\/p>\n

\u2014 Travis Connors (@TravConnors) January 18, 2026<\/a><\/p>\n<\/blockquote>\n

The post BTC Crashes Below $92K as Liquidations Surge Toward $900M on US\u2013EU Trade War Escalation<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n