US-EU Tariff War Wipes Billions — Start of Crypto Winter 2026?
US-EU tariff threats over Greenland caused a sharp crypto market sell-off, wiping billions and raising fears of a 2026 crypto winter.Summary
In mid-January 2026, President Trump announced new tariffs on imports from eight European countries, contingent on Denmark negotiating the U.S. purchase of Greenland. This geopolitical tension triggered a major risk-off move across global markets, causing a sharp crypto flash crash. Bitcoin fell below $93,000, and altcoins suffered losses exceeding 20%, resulting in over $871 million in liquidations, primarily from altcoin long positions. While Bitcoin and Ethereum recovered some losses, the event reignited debate over whether this signals the start of a prolonged "crypto winter" in 2026, driven by fading optimism and macro uncertainty. Bullish analysts argue institutional adoption provides resilience, viewing the event as an amplified macro shock rather than a fundamental collapse.
(Source：CCN)