Crypto Market Falls as Trade Tensions Rise
The global crypto market slipped nearly 3%, pushing total market capitalization down to $3.16–$3.21 trillion, as investors turned cautious amid rising U.S.–Europe trade tensions linked to Greenland. Uncertainty around potential tariffs and geopolitical friction triggered a sell-off in high-risk assets like cryptocurrencies.
Bitcoin dropped below $92,000, while most major altcoins also traded lower. At the same time, investors moved funds into safe-haven assets. Gold surged to a new record above $4,700 per ounce, reflecting strong demand for stability during market uncertainty.
The risk-off sentiment spread across global markets, impacting stocks, crypto ETFs, and currencies. Until trade tensions ease, analysts expect continued volatility in the crypto market.
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