President Trump is set to announce his pick for the next Federal Reserve Chair very soon, and crypto markets need to pay attention! Jerome Powell's term ends in May 2026, and a replacement could signal major shifts in interest rate policy and market volatility. This isn't just U.S. news; the Fed's decisions drive the US Dollar's strength, impacting global $BTC, $ETH, and $BNB prices. Uncertainty is already causing market jitters and stock declines
Trump's Tariff Threat on Europe (Jan 2026) The Threat: President Donald Trump has announced a 10% tariff on goods from 8 European countries (including UK, Germany, France, and Denmark) starting February 1st.
The Reason: He is using these tariffs as pressure to purchase Greenland from Denmark. He said the tariffs will stay until a deal is reached. The Increase: If a deal isn't made, he threatened to increase the tax to 25% on June 1st.
Europe's Response: European leaders are very angry. The EU is planning to use its "Trade Bazooka" (Anti-Coercion Instrument) to retaliate with their own taxes on US goods like tech and aircraft.
Market Impact: Global stock markets have fallen, and the prices of Gold and Silver have hit record highs because of this uncertainty.
Wallet Maintenance for BNB Smart Chain (BEP20) - 2026-01-23
Binance will perform wallet maintenance for BNB Smart Chain (BEP20) at 2026-01-23 07:00 (UTC). To support the wallet maintenance, deposits and withdrawals on BNB Smart Chain (BEP20) will be suspended starting from 2026-01-23 06:55 (UTC), and be resumed when the maintenance is complete.
Trump had initially threatened on January 17 to implement a 10% tariff starting February 1, 2026, which would have risen to 25% by June if those nations did not support his purchase of Greenland. While the tariff threat was withdrawn, he reaffirmed his ambition to secure "right, title, and ownership" of the territory but ruled out the use of military force.
Gold is surging toward $5,000 per ounce as global risk appetite weakens and safe-haven demand explodes — UBS analysts now forecast gold could touch $5,000 by March 2026 amid central-bank buying and geopolitical pressures. Silver also continues its historic run. Combine these macro drivers with Binance’s 24/7 USDT-settled gold & silver perpetuals for round-the-clock exposure to precious metals. Trade smarter, hedge risk
🚀 The Numbers: #Breaking Records Precious metals have entered a "price discovery" phase, driven by intense safe-haven demand: Gold ($XAU): Recently surged past $4,800/oz for the first time in history. Analysts at major banks are now eyeing the $5,000 psychological barrier as the next major target. Silver ($XAG): The "white metal" is outperforming, hitting a lifetime high near $95/oz. With a massive year-to-date gain of over 35%, silver is fast approaching the legendary $100 milestone
In January 2026, the global financial landscape has been shaken by President Trump’s announcement of a new tariff regime targeting the European Union. This move—tied to a geopolitical standoff over Greenland—has sent ripples through both traditional finance and the cryptocurrency markets. For Binance users and crypto traders, understanding the "why" and the "how" of this volatility is essential for navigating the weeks ahead.
The Macro Catalyst:
Why Tariffs, Why Now? The current tension stems from a U.S. demand regarding the acquisition of Greenland. Following resistance from European nations, the U.S. administration announced a phased tariff plan: Initial Phase (Feb 1, 2026): A 10% blanket tariff on goods from eight key nations: Denmark, France, Germany, the UK, the Netherlands, Sweden, Norway, and Finland. Escalation Phase (June 2026): Threats to increase these levies to 25% if negotiations remain stalled.
The Market Reaction The announcement triggered a classic "Risk-Off" environment. While European stocks (DAX, CAC 40) saw immediate declines, the crypto market acted as a high-sensitivity barometer for global fear
🔍 Why This Matters for Crypto & Binance Users The Federal Reserve’s "higher-for-longer" or "pivot-to-cuts" stance is the single biggest macro driver for Bitcoin and altcoins.
Interest Rate Volatility: A "dovish" chair (favoring lower rates) typically weakens the Dollar and boosts "risk-on" assets like Bitcoin. Trump has signaled he wants a chair who will pursue aggressive rate cuts.
Central Bank Independence: There is ongoing debate about how much influence the White House should have over the Fed. Any perceived threat to Fed independence can lead to traditional market volatility, often driving investors toward decentralized assets.
The "Powell Shadow": Jerome Powell’s term as a Governor doesn't technically end until 2028. If he chooses to stay on the Board after his Chairmanship ends in May 2026, it could create a unique "dual power" dynamic that might slow down the new Chair's policy shifts