Former President Trump’s threat of tariffs on Europe fuels market uncertainty, but analysts remain cautious about long-term Bitcoin demand despite short-term price drops.
Former President Donald Trump’s January 17th threat to impose 10% tariffs on European imports, combined with ongoing trade tensions, led to a Bitcoin price drop below $90,000. The selloff was exacerbated by negative gamma exposure in the options market, but prediction markets keep the odds of Greenland annexation low, with analysts emphasizing macroeconomic and structural demand for Bitcoin.