- Bitcoin fell more than 3%, trading below the $90,000 mark, after renewed U.S. tariff threats.
- Several crypto-linked stocks closed sharply lower, with some down 6%–8% and others down over 2%.
- U.S. President Donald Trump said additional tariffs on goods from several European countries would start Feb. 1 and rise on June 1 unless the U.S. secures Greenland.
- Trump said tariffs would begin at 10% on Feb. 1 and increase to 25% on June 1, continuing until a deal on Greenland was reached.
- Retail sentiment tracked on social platforms showed bullishness around some crypto stocks and bearish sentiment around BTC.
Traders sold digital assets and crypto-linked equities after Donald Trump renewed threats of tariffs on select European nations. The president’s Saturday post announced staged tariff increases tied to a push to acquire Greenland, and markets reacted on Tuesday as concern grew over geopolitical uncertainty and trade escalation.
The sell-off pushed Bitcoin down more than 3%, placing it below the $90,000 level at the time of reporting. That drop weighed on many industry stocks and pulled broader crypto sentiment lower.
Shares of crypto-related companies moved notably. Coinbase (COIN), Strategy (MSTR), IREN (IREN) and Bitfarms (BITF) each closed about 6% to 8% lower on Tuesday. Robinhood (HOOD) and Hut 8 (HUT) finished the day down more than 2%.
In his post, the president said additional 10% import tariffs would take effect on Feb. 1 on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and Great Britain. Those tariffs, already in place from earlier measures, would then rise to 25% on June 1 and remain until a purchase agreement for Greenland was reached.
The U.S. push to acquire Greenland has met resistance. Leaders of Greenland and Denmark have stated the island is “not for sale.” The president has argued the U.S. needs Greenland for strategic reasons and its mineral resources and planned to raise the issue with European counterparts at the Davos conference.
Social-platform data showed retail investor sentiment varied: bullish interest around MSTR, COIN, Bitfarms and IREN, extremely bullish message volume for HOOD, and bearish sentiment for BTC.
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