Up to now, BTC has remained nonetheless.
The dispute over Greenland continues as quite a few nations from the European Union despatched navy personnel to the island in a so-called reconnaissance mission.
US President Donald Trump, who retains claiming that his nation wants to manage the island, simply introduced a brand new set of tariffs in opposition to all nations which have despatched troops.
In a submit on his social media platform TruthSocial, the POTUS mentioned the tariffs will impression Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland.
At first, the taxation shall be 10% on all items despatched to the US ranging from February 1, 2026. Nonetheless, if there’s no deal for the acquisition of Greenland by June 1, the tariffs will enhance to 25%.
BREAKING: President Trump broadcasts a ten% tariff on Denmark, Norway, Sweden, France, Germany, the UK, Netherlands, and Finland starting February 1st.
This tariff shall be elevated to 25% starting on June 1st.
Tariffs will stay in impact till the US reaches a deal to purchase… pic.twitter.com/978qAHjxao
— The Kobeissi Letter (@KobeissiLetter) January 17, 2026
In his assertion, Trump emphasised {that a} deal means a “full and complete buy of Greenland,” which, he claims, is important for his nation’s nationwide safety.
In a separate submit on X, the analysts from the Kobeissi Letter estimated that $1.2 trillion price of annual bilateral commerce shall be impacted underneath these new tariffs. In addition they asserted that the potential acquisition of Greenland would price the US round $700 billion.
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They warned that the US-EU commerce conflict, which started final yr shortly after Trump’s inauguration, simply “escalated to a complete new stage,” because it’s clear that Greenland has develop into the POTUS’s “prime strategic focus.”
Recall that BTC’s worth was among the many worst-performing belongings final yr when Trump introduced the primary wave of tariffs in opposition to numerous nations. It slumped from its then-ATH of $110,000 to underneath $75,000 within the span of only a few months.
Trump’s announcement from earlier right this moment hasn’t harmed bitcoin’s worth efficiency but. The cryptocurrency trades inches above $95,000, displaying little to no motion over the previous 24 hours.
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