According to CoinMarketCap data, the global cryptocurrency market cap now stands at $3.22T, down by 0.11% over the last 24 hours. Bitcoin (BTC) traded between $94,876 and $95,639 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $95,188, down by 0.03%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include FRAX, STO, and RARE, up by 39%, 38%, and 26%, respectively.
The Trade War Is Back — Volatility Is Coming $BTC 💵 $ETH 💵 Is the global situation getting worse? It certainly looks like it. The trade war has reignited, and next week’s market opening could bring major turbulence.
1. Trump’s New Tariffs Trump has imposed a 10% tariff on eight European countries that oppose the acquisition of Greenland. If no agreement is reached within five months, this could rise to 25%. Europe’s response may not be far behind.
2. Europe Prepares to Strike Back European officials are hinting that the existing trade agreement with the U.S. could be voided. A counterattack may begin after Monday’s workweek, led by hardliners like Macron. Since U.S. markets are closed on Monday, major volatility is more likely to hit Tuesday. The downside risk should not be underestimated.
3. Trump & Putin: Two Sides of the Same Coin Putin seeks to annex northern Ukraine. Trump eyes Greenland. Different regions, same ambition. With this being Trump’s final term, he is under pressure to secure a historic legacy — making bold geopolitical moves more likely.
4. A Volatile Year Ahead The Federal Reserve is expected to halt rate cuts by the end of January. Other countries have already paused, while Japan continues to raise rates. Meanwhile, global assets remain near historic highs, building pressure for a correction. Even Bitcoin won’t be immune. Don’t be fooled by surface-level prosperity — market avalanches happen suddenly. $BTC
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