Bitcoin Falls Below $93,000 as Tariff Fears Spark Risk-Off Move

Bitcoin is experiencing a sharp sell-off, dropping below $93,000 on January 19, 2026, due to intensified "risk-off" sentiment following new US tariff threats against European nations. This geopolitical tension has driven investors towards traditional safe havens like gold, which hit record highs, and away from risk assets including equities and crypto majors. The drop, which triggered over $600 million in long liquidations, highlights Bitcoin's ongoing vulnerability to global macroeconomic concerns despite its narrative as a hedge against fiat inflation.

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