cryptoneutral

Crypto Takes a Hit: What's Shaking Up the Market?

USATuesday, January 20, 2026
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Market Downturn

  • Bitcoin: Down ~4.5% in the last five days
  • From ~$95,000 to under $93,000
  • Ethereum: Lost nearly 8% in the same time frame
  • Now just above $3,000
  • XRP: Down about 7% as of Tuesday

Broader Market Impact

  • Crypto Market: Down over 3% since Monday
  • S&P 500: Started Tuesday down nearly 1.5%

Causes

Geopolitical Tensions

  • President Trump's Threats:
  • Wants to buy Greenland from Denmark
  • Denmark and EU reject the offer
  • Threatens new tariffs on several European countries

  • Tariff Details:
  • Start at 10% in February
  • Could rise to 25% in June if no negotiation

  • EU Response:
  • Remind Trump of existing U.S.-EU trade deal
  • Expect Trump to honor the agreement

Market Outlook

  • Volatility Expected:
  • Crypto and other investments may keep swinging
  • Uncertainty until tensions settle

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