🚨 TRADE WAR ALERT: Bitcoin Dips Below $89K as EU Freezes U.S. Deal Over Greenland!
The global markets are shaking today as a geopolitical "black swan" lands in the middle of the Atlantic. The European Union has officially suspended its trade agreement with the United States, sending Bitcoin tumbling below the critical $89,000 psychological support level.
What’s Driving the Chaos?
The "Turnberry Deal"—a landmark trade truce reached last July—is now on ice. The European Parliament moved to freeze the ratification process today, January 21, 2026, in direct retaliation to President Trump’s "Greenland Ultimatum."
The Dispute: Trump has threatened a 10% tariff (rising to 25% by June) on eight European nations—including Germany, France, and Denmark—unless a deal is reached for the U.S. to purchase Greenland.
The EU’s Stance: Lawmakers in Strasbourg called the move "coercive blackmail," stating that "business as usual" is impossible while the territorial integrity of a member state is under threat.
The Fallout: The EU is now readying its "Anti-Coercion Instrument," which could slap duties on $93 billion of American goods.
Bitcoin’s Reaction: Digital Gold or Risk Asset?
While many hoped Bitcoin would act as a safe haven, the "Greenland Shock" has triggered a massive "risk-off" move. Traders are rushing to liquidity, causing over $1.8 billion in liquidations across the crypto market in the last 24 hours.
Current Price: ~$87,550 (Down from $96k highs earlier this month).
Support Watch: Analysts are eyeing the $85,000 zone. If this fails, a retest of the 2026 yearly open at $87,000 or lower is likely.
Altcoin Bleed: Ethereum and XRP are seeing even sharper declines as the "Sell America" sentiment spills over into the broader tech and digital asset sectors.
