Bitcoin's price fell to around $92,000 on Monday following an $850 million long liquidation triggered by news of Trump's tariffs on Europe. This correction came after Bitcoin briefly touched $98,000, driven by strong ETF inflows and favorable inflation data. Despite the liquidation, analysts view the event as a healthy correction, noting the absence of a market spiral. The market's attention now shifts to upcoming events, including the Davos Forum and EU emergency summit. Analysts suggest that if Bitcoin maintains above $90,000 and ETF inflows continue, the bullish trend could persist. However, a drop below this level might signal a return to the previous trading range. The market currently perceives the tariff threat as political noise, with buying pressure remaining strong.
Trump's Tariff News Triggers $850 Million Crypto Liquidation
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