Trump's tariff fears led to a decline in Bitcoin and other digital assets.:Bitcoin fell by 3.6% on Monday morning, dropping below $92,000. Ether, the second-largest digital asset, lost 4.9% in value, while Solana fell by 8.6%.

News Topical, Digital Desk : Cryptocurrencies are currently experiencing a sharp decline. This is being attributed to US President Donald Trump's recent announcement. Trump has proposed imposing tariffs on eight European countries. This has led to a decline in demand for risky assets and an increase in demand for safe-haven assets.

How much did Bitcoin fall?

Bitcoin fell by 3.6% on Monday morning, dropping below $92,000. Furthermore, the value of Ether, the second-largest digital asset, fell by 4.9%, while Solana fell by 8.6%. Trump recently announced that he would impose a 10% tariff on goods from eight European countries starting February 1st. This tariff will increase to 25% if no deal is reached on Greenland by June. This led to a decline in US equity and index futures at the start of trading on Monday, while safe-haven assets like gold and silver reached record highs. Meanwhile, European leaders have expressed displeasure over the president's proposal and are now preparing to block approval of last year's trade agreement.

Uncertainty surrounding digital assets has increased again. Digital assets had a strong start to the year. Bitcoin surged to near $98,000 on January 14th, driven by strong inflows into US-listed exchange-traded funds holding the token. Digital assets had previously endured a poor end to 2025, with a significant sell-off in October. Richard Galvin, co-founder of hedge fund DACM, said, "This was seen as a recovery from oversold levels due to tax-loss selling and general year-end selling." Galvin further added that the recent wave of tariff concerns has put a brake on this, while gold's rise to an all-time high confirms that this sell-off is "more a risk-off move than crypto-specific." According to CoinGlass data, approximately $600 million worth of bullish bets on cryptocurrencies were liquidated in the past 24 hours. "If current support fails, traders are looking at $90,000 as the next stop, while bullish investors are pointing to institutional demand as a potential floor," said Rachel Lucas, analyst at BTC Markets.