Bitcoin slipped to the $91,000 level amid risk-off sentiment triggered by escalating US-EU trade tensions. Broader crypto markets remained subdued as liquidations flushed out leverage, while analysts noted continued consolidation within a wide range, with macro cues and policy signals likely to drive the next directional move.
Bitcoin has slipped to the $91,000 mark on Tuesday as the US-EU trade war escalation weighs on investor sentiment. The flagship cryptocurrency was trading at $91,097 mark.
In the past 24 hours, Bitcoin and Ethereum were down by 1.49% and 1.76%, respectively. In the same period, the major altcoins, XRP, BNB, Solana, Tron, and Hyperliquid fell by over 2%, whereas Dogecoin and Cardano were up by 0.31% and 0.60% respectively.
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CoinSwitch Markets Desk said the broader risk-off mood supported safe-haven assets, with gold and silver rising toward $4,700 and $95, while BTC moved sideways.
The CoinSwitch Markets Desk further added that zooming out, bitcoin has remained within a broad $80K-$98K range for nearly 59 days, consistent with previous post-2022 consolidation phases that typically lasted 52-62 days before a breakout.
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The global crypto market capitalisation fell by 0.9% to $3.11 trillion, according to CoinMarketCap.
In the past week, Bitcoin was up by 0.85%, whereas Ethereum was down by 0.34%. Among the major altcoins, BNB and Tron were up by 0.81% and 4.37%, respectively, in the last week. XRP, Solana, Dogecoin, Cardano, and Hyperliquid fell over 7%.
Riya Sehgal, Research Analyst, Delta Exchange, said this recent drop was amplified by liquidations, with hundreds of millions of dollars in leveraged longs wiped out and price has settled into a tight range, with macro events now driving sentiment.
Sehgal further added that renewed US-Europe tariff tensions have pressured risk assets, pulling some capital toward gold and cash and increasing volatility in digital assets.
Despite the downfall, the market sentiments remain neutral, indicating the traders remain hopeful of a strong rebound.
The developments of the past 24 hours are significant for crypto, not because they have driven immediate price movement, but because they highlight how power, trust, and coordination continue to function within the global financial system
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The crypto market is trading largely flat as investors assess ongoing uncertainty around US-EU trade tensions and the recent pullback flushed out excess leverage, with nearly $875 million in liquidations over the past 24 hours, helping reset positioning and improve market structure.
Attention now turns to President Trump’s speech at the World Economic Forum, which could act as a near-term catalyst. Any constructive commentary on tariffs may support a fresh leg higher.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times.)
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