US President Donald Trump introduced escalating tariffs on eight European nations, beginning on February 1, threatening 10% levies that can rise to 25% by June, till Denmark agrees to promote Greenland.

Bitcoin faces renewed volatility as geopolitical tensions mirror the October 2025 tariff shock that triggered $19 billion in liquidations.

Trump declared through Reality Social that Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland will face instant tariffs “till such time as a Deal is reached for the Full and Whole buy of Greenland.”

The transfer sparked emergency EU conferences and unified condemnation from European leaders, with UK Prime Minister Keir Starmer calling tariffs on allies “fully fallacious” whereas France’s Emmanuel Macron warned “no intimidation nor menace will affect us.“

European Leaders Unite Towards Unprecedented Risk

The tariff announcement triggered a unprecedented diplomatic disaster as EU ambassadors convened emergency conferences on Sunday afternoon.

European Fee President Ursula von der Leyen emphasised that “tariffs would undermine transatlantic relations and danger a harmful downward spiral,” whereas declaring full EU solidarity with Denmark and Greenland.

Swedish Prime Minister Ulf Kristersson acknowledged bluntly, “We is not going to let ourselves be blackmailed,” characterizing Trump’s calls for as an EU-wide problem requiring a collective response.

Finland’s President Alexander Stubb, beforehand thought-about a Trump ally by means of shared golf pursuits, urged that “amongst allies, points are greatest resolved by means of dialogue, not by means of stress.“

Norway’s Prime Minister Jonas Gahr Støre agreed, stressing “threats haven’t any place amongst allies.“

Even Trump supporter Nigel Farage criticized the tariffs, admitting “we don’t at all times agree with the US authorities and on this case we actually don’t. These tariffs will damage us.“

Spain’s Prime Minister Pedro Sanchez delivered maybe the sharpest rebuke, warning {that a} US invasion of Greenland “would make Putin the happiest man on earth” by legitimizing Russia’s Ukraine invasion and spelling “the loss of life knell for Nato.“

EU overseas coverage chief Kaja Kallas additionally echoed this sentiment, noting “China and Russia have to be having a discipline day” as they “profit from divisions amongst Allies.“

Denmark’s Overseas Minister Lars Løkke Rasmussen additionally expressed shock at Trump’s announcement following what he described as “constructive conferences” with Vice President JD Vance and Secretary of State Marco Rubio earlier within the week.

Given Trump’s threats over Greenland, German MEP Manfred Weber instructed halting the just lately negotiated EU-US commerce deal, stating, “The 0% tariffs on US merchandise have to be placed on maintain.“

In the meantime, hundreds protested throughout Greenland and Denmark, carrying banners studying “Greenland is for Greenlanders” and “Palms Off Greenland.“

Tariff Uncertainty Clouds Bitcoin Restoration

Bitcoin at the moment trades round $95,000 after weeks of range-bound motion between $94,000 and $97,000.

Market members stay cautious following Trump’s newest geopolitical escalation, which provides contemporary uncertainty to an already fragile restoration.

The crypto has averted revisiting decrease help ranges in 2026, although good points stay skinny amid persistent geopolitical dangers.

CryptoQuant founder Ki Younger Ju expects Bitcoin to enter “simply boring sideways for the following few months” relatively than experiencing sharp rallies or deep crashes.

“Capital inflows into Bitcoin have dried up. Liquidity channels are extra various now, so timing inflows is pointless,” he acknowledged, noting cash has “rotated to shares and glossy rocks.“

Regardless of a scarcity of shopping for stress, massive holders, together with US banks, proceed to build up Bitcoin, with no clear indicators of capitulation but.

Talking with Cryptonews, John Glover, Chief Funding Officer at Ledn, suggests Bitcoin stays in Wave IV of its bull cycle, with completion targets between $71,000 and $84,000.

“Affirmation as to which path we’re following will come from both a break and shut above $104,000 which might affirm we are actually beginning Wave V, or a break under $80,000, which suggests a transfer to the low $70s earlier than we head larger,” Glover defined.

October Tariff Precedent Raises Issues

Trump’s aggressive tariff technique beforehand devastated crypto markets in October 2025 when 100% tariffs on Chinese language imports triggered one in every of historical past’s largest single-day liquidation occasions.

Bitcoin plunged under $105,000 as $19 billion in leveraged positions unwound inside 24 hours, forcing 1.6 million merchants into liquidations, with almost 87% being lengthy positions.

Open curiosity in Bitcoin futures collapsed by greater than 30% throughout that selloff earlier than recovering above $114,000 days later.

The present tariff menace targets America’s closest European allies relatively than adversaries, creating unprecedented uncertainty about transatlantic relations.

Markets now face potential Supreme Courtroom rulings on the legality of tariffs alongside escalating geopolitical tensions over Greenland, Venezuela, and broader world commerce coverage.

These mixed elements threaten to duplicate October’s volatility regardless of Bitcoin’s current value stability.

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