Trump threatens to impose tariffs on the EU, triggering global market nerves

Trump announced that if Denmark, Finland, Germany, and 8 other EU/NATO countries do not back down on trading in Greenland, a 10% tariff will be imposed starting February 1, rising to 25% before June.

As soon as this news broke, BTC plummeted to 92.3k, a drop of nearly 3%. The EU is not to be underestimated either, preparing $100 billion in retaliatory tariffs. The traditional safe-haven asset gold surged to a historic high of $4664 per ounce, and BTC's "digital gold" narrative clearly couldn't hold up this time. I feel this move exposed the market's confidence in BTC's safe-haven properties, which is actually quite fragile; once a real risk event occurs, people still tend to habitually flee to gold.