Bitcoin plunged to a six-day low, most altcoins slumped even harder.Bitcoin plunged to a six-day low, most altcoins slumped even harder.

BTC Crashes Below $92K as Liquidations Surge Toward $900M on US–EU Trade War Escalation

2 min read

The anticipated volatility due to the latest developments on the US-EU trade war finally arrived in crypto as BTC, alongside all altcoins, plunged hard as Asian and some futures markets opened.

Somewhat expected, the liquidations are on the rise, with over $870 million wrecked in the past 24 hours. Naturally, longs are responsible for the lion’s share (nearly $790 million). The total number of liquidated traders has skyrocketed to just shy of 250,000, according to data from CoinGlass.

Liquidation Data on CoinGlassLiquidation Data on CoinGlass

Recall the latest developments on the trade war front between the so-called allies. US President Donald Trump has insisted that his country’s national security relies on the “complete acquisition” of Greenland, which is under Denmark’s control.

Following weeks of building tension, eight countries from the EU sent a handful of soldiers to the island for a reconnaissance mission. Trump responded immediately with a new set of 10% tariffs against all eight, starting from February 1.

The EU held an emergency meeting, while French President Macron reportedly pushed for the activation of a so-called anti-coercion instrument known as a “trade baooka,” which has never been used before and would limit America’s access to European Markets.

The US spot markets will remain closed today as it’s MLK Day. However, Asian markets slid on Monday morning, and so did the greenback against the yen and the Swiss franc. US futures also dropped by up to 1.3% in the case of Nasdaq futures.

As mentioned above, BTC’s price headed south earlier this morning, currently struggling to remain above $92,500. At the same time, gold exploded once again to yet another all-time high.

The post BTC Crashes Below $92K as Liquidations Surge Toward $900M on US–EU Trade War Escalation appeared first on CryptoPotato.

Market Opportunity
Bitcoin Logo
Bitcoin Price(BTC)
$72,327.23
$72,327.23$72,327.23
-2.41%
USD
Bitcoin (BTC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

XRP Enters ‘Washout Zone,’ Then Targets $30, Crypto Analyst Says

XRP Enters ‘Washout Zone,’ Then Targets $30, Crypto Analyst Says

XRP has entered what Korean Certified Elliott Wave Analyst XForceGlobal (@XForceGlobal) calls a “washout” phase inside a broader Elliott Wave corrective structure
Share
NewsBTC2026/02/05 08:00
Republicans are 'very concerned about Texas' turning blue: GOP senator

Republicans are 'very concerned about Texas' turning blue: GOP senator

While Republicans in the U.S. House of Representatives have a razor-thin with just a four-seat advantage, their six-seat advantage in the U.S. Senate is seen as
Share
Alternet2026/02/05 08:38
Headwind Helps Best Wallet Token

Headwind Helps Best Wallet Token

The post Headwind Helps Best Wallet Token appeared on BitcoinEthereumNews.com. Google has announced the launch of a new open-source protocol called Agent Payments Protocol (AP2) in partnership with Coinbase, the Ethereum Foundation, and 60 other organizations. This allows AI agents to make payments on behalf of users using various methods such as real-time bank transfers, credit and debit cards, and, most importantly, stablecoins. Let’s explore in detail what this could mean for the broader cryptocurrency markets, and also highlight a presale crypto (Best Wallet Token) that could explode as a result of this development. Google’s Push for Stablecoins Agent Payments Protocol (AP2) uses digital contracts known as ‘Intent Mandates’ and ‘Verifiable Credentials’ to ensure that AI agents undertake only those payments authorized by the user. Mandates, by the way, are cryptographically signed, tamper-proof digital contracts that act as verifiable proof of a user’s instruction. For example, let’s say you instruct an AI agent to never spend more than $200 in a single transaction. This instruction is written into an Intent Mandate, which serves as a digital contract. Now, whenever the AI agent tries to make a payment, it must present this mandate as proof of authorization, which will then be verified via the AP2 protocol. Alongside this, Google has also launched the A2A x402 extension to accelerate support for the Web3 ecosystem. This production-ready solution enables agent-based crypto payments and will help reshape the growth of cryptocurrency integration within the AP2 protocol. Google’s inclusion of stablecoins in AP2 is a massive vote of confidence in dollar-pegged cryptocurrencies and a huge step toward making them a mainstream payment option. This widens stablecoin usage beyond trading and speculation, positioning them at the center of the consumption economy. The recent enactment of the GENIUS Act in the U.S. gives stablecoins more structure and legal support. Imagine paying for things like data crawls, per-task…
Share
BitcoinEthereumNews2025/09/18 01:27