Investing.com– Bitcoin fell in Asian trade on Monday, cutting back last week’s recovery after U.S. President Donald Trump’s tariffs on major European countries, over Greenland, rattled risk sentiment.
Broader crypto prices also fell in tandem with Bitcoin, with several coins open to profit-taking after logging some gains last week.
Bitcoin fell 2.8% to $92,519.6 by 00:56 ET (05:56 GMT). The world’s largest crypto added some 5% last week, but was now trading at levels below last week’s highs.
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A delay in a long-awaited bill aimed at establishing a U.S. regulatory framework for the crypto industry also weighed on sentiment, after lawmakers postponed discussing the bill due to objections from several industry voices, most notably Coinbase.
Trump Greenland tariffs rattle risk sentiment, Bitcoin falls
Trump said he will impose import tariffs of up to 25% on several major European countries, including Denmark, France, and the UK, until a deal is reached to hand over Greenland to Washington.
His demands were widely rejected by European leaders, with France seen preparing retaliatory economic measures against the United States.
The exchange sparked deep losses across global risk-driven markets, on concerns over a potential dissolution of NATO, and of the U.S. taking more direct steps to get Greenland.
Trump, who has constantly demanded Greenland for national security purposes, has also raised the prospect of military action in the Danish territory. This threat was now seen carrying more weight, especially after the early-2026 U.S. incursion in Venezuela.
While trade tariffs and geopolitical tensions do not directly affect crypto, they do sap the risk appetite needed to invest in speculative assets. Trump’s tariff threats through 2025 prompted several risk-off moves in crypto.
Increased risk aversion also saw traders favor physical, safe-haven assets such as gold over crypto.
Crypto markets see nearly $900 mln liquidations, Bitcoin leads
Crypto markets saw $869.5 million in positions liquidated over the past 24 hours, as Trump’s tariffs added to the risk-averse mood.
A bulk of the liquidations were in long positions, with about $229.5 million of Bitcoin bets being wiped out, data from Coinglass showed. Ether and Solana saw some $154.6 million and $60.5 million in positions liquidated.
The weekend losses largely wiped out a mild recovery in crypto over the past week, although sentiment towards the industry remained frail.
Crypto price today: altcoins track Bitcoin lower
Broader crypto prices largely trended lower on Monday, tracking losses in Bitcoin.
World no.2 crypto Ether fell 3.5% to $3,199.06, while XRP shed 4.7% and fell below $2.
Solana sank 6.6%, while Cardano and BNB shed 7.8% and 2.3%, respectively.
Among memecoins, Dogecoin fell 7.4%, while $TRUMP shed 6.4%.
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