Bitcoin has notably slipped to its lowest point in six days, driven by a broader decline in the cryptocurrency market, reflecting increased volatility tied to the ongoing US-EU trade conflict.

The total liquidated amount over the past 24 hours has surpassed $870 million, with long positions suffering the biggest losses—approximately $790 million. The number of traders affected has soared close to 250,000, as per CoinGlass data.

Liquidation Data on CoinGlass

As the trade war escalates, US President Donald Trump has underscored that America’s national security hinges on acquiring Greenland, currently governed by Denmark. In response to heightened tensions, the EU has deployed troops to the island, prompting Trump to announce new tariffs against eight EU nations, set to take effect on February 1.

On the European front, Emmanuel Macron, President of France, is advocating for a new trade regulation called a “trade baooka,” aimed at restricting US access to EU markets. Meanwhile, Bitcoin struggles to maintain its value, currently drifting around $92,500, as the trading environment remains negatively affected by these geopolitical developments.

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“Gold vs Bitcoin right now 😂”
— Travis Connors, January 18, 2026