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Money Markets Price In 60% Chance Of European Central Bank Rate Hike By July From 80% Late Monday
China Foreign Ministry, On Resumption Of Railway Connectivity With Pyongyang: China Supports Competent Authorities In Both Countries To Facilitate Transport Of People
China Foreign Ministry, On Oil Passage Through Strait Of Hormuz: In Intl Community's Common Interest To Safeguard The Region's Peace, Stability
JERA President Okuda:There Will Be No Immediate Disruption To Our Fuel Procurement Or Electricity Supply Even Amid The Iran Crisis
Japan Chief Cabinet Secretary Kihara: Watching Financial Market Moves With Extremely High Sense Of Urgency
China Foreign Ministry, On Iran Conflict:Over 10000 Nationals Have Returned Safely From Gulf Countries
Turkish Defence Ministry: One USA Patriot Air Defence System Deployed To Central Malatya Province As Part Of NATO Defences

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Bitcoin erased all of its 2026 gains Wednesday, falling approximately 4% over 24 hours to around $88,850 in Asia morning trading, a level almost identical to where the cryptocurrency closed 2025...
Bitcoin erased all of its 2026 gains Wednesday, falling approximately 4% over 24 hours to around $88,850 in Asia morning trading, a level almost identical to where the cryptocurrency closed 2025, after President Donald Trump's push to acquire Greenland and threats of new tariffs on European allies rattled global markets.
The selloff came after Trump's geopolitical moves sent U.S. benchmark stock indexes down more than 2% on Jan. 21.
Trump said Saturday he would impose 10% tariffs starting February 1 on Denmark, Norway, Sweden, France, Germany, the United Kingdom, Netherlands and Finland until reaching a "complete and total purchase of Greenland."
The levies would increase to 25% by June 1 if no agreement materializes, marking a sharp escalation in tensions with NATO allies.
The VIX touched its highest level since November. The dollar weakened against most major currencies.
Bitcoin had briefly traded above $97,000 earlier in January following a Bureau of Labor Statistics inflation report showing prices stabilizing.
The cryptocurrency is now attempting to recover after hitting a session low of $87,901.
Shiyan Cao at hedge fund Winshore Capital told Bloomberg the situation "opened up a tail risk—that people don't want US assets," adding that investors must now price in a political risk premium.
Also Read: The One Signal Everyone Missed Before Bitcoin Crashed And Wiped Out Nearly $1B
The selloff echoed fears from April 2025, when Trump's sweeping tariff announcement triggered a deep slump in U.S. markets and a massive spike in volatility.
More turbulence looms Wednesday as the Supreme Court hears arguments over Trump's bid to fire Federal Reserve Governor Lisa Cook.
A deal may eventually defuse the Greenland tension, but it could take months. For now, Bitcoin appears to be stabilizing above $89,000 as traders assess whether this represents a buying opportunity or the start of a deeper correction.
For instance, Strategy continues aggressive Bitcoin accumulation with latest massive buy, pushing holdings above 3% of total supply.
Michael Saylor's company acquired 22,305 BTC for approximately $2.13 billion at an average price of $95,284 per coin.
As of January 20, Strategy's total holdings reached 709,715 Bitcoin valued near $53.92 billion, with an average acquisition cost of $75,979 per coin.
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
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