January 21, 2026 | BREAKING REPORT

In the last few minutes, Google Trends data has registered a vertical spike in searches for "Coinbase Down" and "Greenland Sanctions." As Bitcoin crashes through key support levels, a perfect storm of geopolitical tension and technical infrastructure failure is gripping the market. Here is the detailed explanation behind the panic:

1. The Trigger: The Greenland Sanctions Crisis

The root cause of this sudden market flush is not inherent to crypto, but a major geopolitical escalation.

  • Trump’s Ultimatum: Reports confirm that President Donald Trump has issued a severe warning to Denmark regarding negotiations over the purchase of Greenland. He has threatened to impose a 10% tariff on goods from eight European nations—including Denmark, France, and Germany—starting February 1st if negotiations do not proceed.

  • Trade War Fears: Economists are interpreting this as the start of a renewed trans-Atlantic trade war. In times of such macro-economic uncertainty, investors immediately flee "risk-on" assets like cryptocurrencies and stocks to move into "safe havens" like the US Dollar or Gold. This macro-fear is the primary driver behind the massive sell-off we are seeing this hour.

2. The Exchange Crisis: Why 'Coinbase Down' is Trending

As the price of Bitcoin plummeted below $90,000, a wave of retail panic selling hit the major exchanges, causing infrastructure buckles.

  • Server Overload: Google data shows a massive influx of users reporting issues with Coinbase. When thousands of users attempt to log in simultaneously to sell their assets ("Panic Selling"), exchange servers often fail to handle the load, leading to "Connection Errors" or extreme lag.

  • Trapped Liquidity: Coinbase had already reported minor delays on specific networks (like Ronin and Polygon) earlier today. However, the sudden surge in volume has exacerbated these issues. Users are taking to social media to complain that they cannot view their balances or that their sell orders are failing to execute, leaving them trapped in falling positions.

3. The Liquidation Cascade

The combination of falling prices and inaccessible exchanges is creating a dangerous loop for traders.

  • Forced Liquidations: Traders using leverage (futures trading) are unable to access their accounts to add margin or close positions due to the outages. This is resulting in millions of dollars being forcefully liquidated by the exchange engines, which drives the price down even further.

  • Price Action: With Bitcoin breaking the psychological safety net of $90k, the lack of buy-pressure is evident. The market is currently in a state of "Extreme Fear," with no immediate technical support visible on the hourly charts.

ADVISORY:
If you are experiencing issues logging into exchanges, do not spam the refresh button, as this worsens server load. Be extremely wary of "Support Scams" on social media claiming they can help you withdraw funds during this outage. Wait for official communication from exchange channels.