Bitcoin ($BTC ) stands out as the most affected cryptocurrency by #WEFDavos2026 events, experiencing sharp volatility from Trump's tariff threats and subsequent suspension announcement ๏ฟฝ๏ฟฝ.
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It dropped over 2.9% to around $88,000 ahead of his speech, leading $931M in market liquidations, before partial recovery post-Greenland deal ๏ฟฝ๏ฟฝ.
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$XRP followed closely with a 2.2% decline, tied to broader risk-off sentiment ๏ฟฝ.
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Pre-Speech Dip: BTC erased 2026 gains amid tariff fears targeting EU nations over Greenland, with Ethereum down 6.1% ๏ฟฝ.
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Post-Announcement Rebound: Markets stabilized after Trump backed off, but analysts warn of further downside to $75K-$80K if tensions reignite ๏ฟฝ.
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Davos Crypto Focus: Sessions on tokenization and stablecoins boosted long-term optimism, with Ripple's CEO predicting all-time highs
#TrumpCancelsEUTariffThreat #WhoIsNextFedChair #TrumpTariffsOnEurope