Up to now, BTC has remained nonetheless.
The dispute over Greenland continues as quite a few nations from the European Union despatched army personnel to the island in a so-called reconnaissance mission.
US President Donald Trump, who retains claiming that his nation wants to regulate the island, simply introduced a brand new set of tariffs towards all nations which have despatched troops.
In a submit on his social media platform TruthSocial, the POTUS mentioned the tariffs will affect Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland.
At first, the taxation can be 10% on all items despatched to the US ranging from February 1, 2026. Nevertheless, if there is not any deal for the acquisition of Greenland by June 1, the tariffs will improve to 25%.
BREAKING: President Trump publicizes a ten% tariff on Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland starting February 1st.
This tariff can be elevated to 25% beginning 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 whole 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 can be impacted beneath these new tariffs. Additionally they asserted that the potential acquisition of Greenland would value the US round $700 billion.
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They warned that the US-EU commerce battle, which started final 12 months shortly after Trump’s inauguration, simply “escalated to an entire new stage,” because it’s clear that Greenland has change into the POTUS’s “prime strategic focus.”
Recall that BTC’s worth was among the many worst-performing property final 12 months when Trump introduced the primary wave of tariffs towards numerous nations. It slumped from its then-ATH of $110,000 to beneath $75,000 within the span of only a few months.
Trump’s announcement from earlier at present hasn’t harmed bitcoin’s worth efficiency but. The cryptocurrency trades inches above $95,000, exhibiting little to no motion over the previous 24 hours.
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