Crypto Takes a Hit: What's Shaking Up the Market?

USATue Jan 20 2026
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Crypto prices are dropping fast. Bitcoin is down about 4. 5% in the last five days. It was around $95, 000 but fell sharply late Sunday. By Tuesday morning, it was under $93, 000 and still dropping. Ethereum isn't doing much better. It's lost nearly 8% in the same time frame. Right now, it's just above $3, 000. XRP is also down, about 7% as of Tuesday. The whole crypto market is feeling the heat. It's down over 3% since Monday. Other markets aren't doing great either. The S&P 500 started Tuesday down nearly 1. 5%.
So, what's causing this mess? Geopolitical tension is the big culprit. President Trump made some big threats over the weekend. He wants to buy Greenland from Denmark. Denmark and other European countries said no. So, Trump threatened new tariffs on several European countries. These tariffs would start at 10% in February. If Denmark doesn't negotiate, they could go up to 25% in June. European leaders are not happy. They remind everyone that the U. S. and the EU already have a trade deal. They expect Trump to honor it. This back-and-forth is making markets nervous. Crypto and other investments could keep swinging up and down until things settle down. But will they? Only time will tell.
https://localnews.ai/article/crypto-takes-a-hit-whats-shaking-up-the-market-81667a61

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