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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