Bitcoin Price Crashes Nearly $4,000 in Two Hour Market Sell-Off

The price of Bitcoin experienced a sharp sell-off, dropping nearly $4,000 from around $95,500 to an intraday low of $91,935 within roughly two hours on Saturday evening EST. This rapid decline triggered over $525 million in leveraged long liquidations across the crypto market. The sell-off coincided with heightened macroeconomic uncertainty after President Donald Trump announced plans to impose sweeping new tariffs on European goods starting February 1, linked to U.S. efforts to secure Greenland. European leaders strongly opposed the threats, warning of a "dangerous downward spiral." Additionally, the market was awaiting a closely watched U.S. Supreme Court ruling on President Trump's authority to impose tariffs under emergency powers, which could impact over $100 billion in collected tariffs. At the time of reporting, Bitcoin had stabilized near $92,600, while gold prices climbed to a new all-time high of around $4,670.

(Source：Bitcoin Magazine)