🚨 Markets jolted by geopolitics — and crypto felt it fast.
Bitcoin dumped nearly $3,700 after a major political headline dropped. Donald Trump announced a 10% tariff effective Feb 1 on several European countries 🇪🇺 — with a warning:
➡️ If no deal is reached, tariffs jump to 25% on June 1.
The condition? 🧊 The tariffs stay until the U.S. secures a deal to purchase Greenland.
Trump’s message was blunt: 🗣️ “It is time for Denmark to give back.”
Markets didn’t wait for clarity. Risk assets sold off immediately, and BTC reacted hard. This isn’t just about trade — it’s about uncertainty, geopolitics, and fragile sentiment.
⚠️ EU leaders are now expected to retaliate with tariffs on $107B+ of U.S. imports, further escalating tensions.
📉 When politics enters the chat, volatility follows.