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The Reopening Of The Strait Of Hormuz Could Trigger A Surge In Food Imports For Gulf Countries
Ukrainian President Volodymyr Zelenskyy Met With German Chancellor Merz At The G7 Summit In France
Ukrainian President Zelensky: We Will Produce About 10 Million Drones This Year, But Production Is Expected To Double
British Prime Minister Starmer: There Is A “consensus” Among All Parties That The Situation In Ukraine Is Changing
Russian Foreign Minister Lavrov: Ukraine's Future EU Membership Will Be Exploited By Those Who Want To Militarize The EU
Ukrainian President Zelensky: Trump's Attitude Is Very Positive, Believing That The United States Can Provide Ukraine With More Air Defense Missiles As Assistance
Ukrainian President Zelensky: The G7 Discussed Sanctions Against Russia’s Energy, Banking And Military Sectors
Ukrainian President Zelensky: All G7 Leaders Recognize That Russia Intends To Attack Civilian Infrastructure
Ukrainian President Zelensky: Many People Around Putin Are Pushing Him To Carry Out A Larger-scale Mobilization Of Troops
Ukrainian President Zelensky: All G7 Leaders Agree That Russia Has Not Won The War And That An Agreement Must Be Reached As Soon As Possible
Ukrainian President Zelensky: The G7 Supports Ukraine's Accession To The EU And Reiterates That All Negotiating Clusters Will Remain Open
Ukrainian President Volodymyr Zelensky Has Requested That US President Donald Trump Grant Licenses To Manufacture Air Defense Systems And Missiles

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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.
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