The post Bitcoin Slips Toward $90K as Trade War Fears Ignite Global Sell-Off appeared on BitcoinEthereumNews.com. The cryptocurrency market is reeling today as The post Bitcoin Slips Toward $90K as Trade War Fears Ignite Global Sell-Off appeared on BitcoinEthereumNews.com. The cryptocurrency market is reeling today as

Bitcoin Slips Toward $90K as Trade War Fears Ignite Global Sell-Off

2 min read

The cryptocurrency market is reeling today as a “perfect storm” of geopolitical tension and technical failures wiped hundreds of billions from the total market capitalization. Bitcoin, the industry bellwether, has plummeted toward the critical $90,000 support level, dragging the broader altcoin market into a deep correction.

Investors who once eyed a $120,000 breakout are now grappling with a sudden “Crypto Winter” chill as the global macro environment shifts.

Crypto Crash: Market Snapshot

As of this morning, major assets are seeing deep red across the boards:

CryptocurrencyCurrent Price24H Change
Bitcoin ($BTC)$90,864-2.2%
Ethereum ($ETH)$3,076-4.2%
Solana ($SOL)$128.30-4.2%
$XRP$1.87-4.1%

Why are Cryptos Crashing: 3 Key Drivers

1. The “Greenland” Trade War Escalation

The primary catalyst is a sudden escalation in transatlantic tensions. President Donald Trump’s administration has threatened 10% to 25% tariffs on eight European nations—including Germany, France, and the UK—linked to a diplomatic dispute over the U.S. push to secure Greenland.

The threat of a full-scale trade war with the EU has triggered a massive “risk-off” move. Investors are fleeing speculative assets like crypto in favor of traditional safe havens; while Bitcoin fell, Gold prices surged to a new record of $4,670.

2. $860 Million in Forced Liquidations

The price drop was accelerated by a massive “long squeeze.” As Bitcoin broke below $95,000, automated sell orders were triggered. Market data indicates that over $860 million in leveraged long positions were wiped out in the last 48 hours. This was compounded by a major technical glitch on the Paradex exchange, where a pricing error briefly showed Bitcoin at $0, triggering a wave of “accidental” liquidations and forcing a rare blockchain rollback.

3. Regulatory Stalemate & Production Costs

Confidence took a hit after the Senate delayed the markup of the Clarity Act, a bill intended to provide a legal framework for digital assets. Furthermore, JPMorgan analysts recently noted that Bitcoin’s production cost has risen to approximately $94,000. With the market price slipping below this “floor,” miners are facing increased pressure, leading to fears of further institutional sell-offs.

Crypto Future: What’s Next?

Analysts are now watching the $88,000–$90,000 range. If Bitcoin fails to hold this psychological floor, the next major support level sits at $85,000. However, some “whales” remain undeterred; MicroStrategy reportedly capitalized on the dip, purchasing another 22,305 BTC for $2.1 billion this morning, bringing their total holdings over 700,000 BTC.

Source: https://cryptoticker.io/en/crypto-crash-bitcoin-falls-trump-greenland-tariffs-2026/

Market Opportunity
Polytrade Logo
Polytrade Price(TRADE)
$0.03277
$0.03277$0.03277
-4.46%
USD
Polytrade (TRADE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Woman shot 5 times by DHS to stare down Trump at State of the Union address

Woman shot 5 times by DHS to stare down Trump at State of the Union address

A House Democrat has invited Marimar Martinez to attend President Donald Trump's State of the Union address in Washington, D.C., after she was shot by Customs and
Share
Rawstory2026/02/06 03:36
China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…
Share
BitcoinEthereumNews2025/09/18 01:37
WLFI Drops 20% Weekly as Price Tests the Crucial $0.113 Support

WLFI Drops 20% Weekly as Price Tests the Crucial $0.113 Support

On Thursday, February 5, World Liberty Financial (WLFI) is continuing its decline and is trading at $0.1281, decreased by 5.89% in the past day. The token has lost
Share
Tronweekly2026/02/06 03:00