Bitcoin's price has dropped nearly 10% to around $89,000 amid escalating US-EU trade tensions, with President Trump's threats to impose tariffs on NATO allies over Greenland control triggering broad market sell-offs. The crypto market is mirroring US equities volatility, with significant ETF outflows and stock declines in major US-based crypto companies. Despite some investors betting on a potential de-escalation dubbed the 'TACO trade,' analysts warn of further downside risks, with some predicting Bitcoin could fall to $10,000 in 2026.

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