In Brief:
- Bitcoin slipped below $93,000 after $900 million in forced liquidations hit the crypto market over the weekend.
- US tariff threats on European nations sent safe-haven flows into gold and silver, putting pressure on Bitcoin and other cryptocurrencies.
- Traders are watching the $90,000–$92,000 zone closely, with a hold offering a chance to retest $95,000, while a breach could trigger further declines.
Bitcoin (BTC-USD) slipped below $93,000 late Sunday, shedding ground after around $900 million in forced liquidations hit the crypto market.
By 14:30 GMT Monday, it was trading at $92,835.
The drop came as global investors reacted to US President Donald Trump’s tariff threat against several European nations tied to his push to take control of Greenland. Safe-haven demand shifted capital into gold and silver, leaving Bitcoin and other crypto assets under pressure.
Last week, Bitcoin had struggled to surpass $98,000, weighed down by regulatory uncertainty after a key crypto market structure bill was delayed in the US Senate. The combination of legislative hesitation and weekend geopolitical shocks has pushed the token back into familiar trading ranges.
Analysts argued last week that the pullback looked more like a pause than a clear reversal. Technical levels suggested that if Bitcoin held support above $95,000 and regained strength into the high‑90s, there was potential for further upside.
The weekend’s tariff threat has complicated that outlook. Traders are now closely watching the $90,000–$92,000 zone. Holding this range could allow Bitcoin to test $95,000 again if geopolitical tensions ease. A break below $90,000 would likely open the door to new lows, signalling a more pronounced correction.
Macroeconomic and geopolitical pressures remain at the forefront. Even as regulatory delays and technical pauses previously constrained the market, Trump’s weekend announcement has added another layer of uncertainty.