Odaily News Trump posted on Truth Social, stating that due to issues related to Greenland, starting February 1st this year, the United States will impose an additional 10% tariff on all goods exported to the US from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland. The tariff rate is planned to be raised to 25% on June 1st. These tariff measures will remain in effect until an agreement on the "comprehensive and thorough purchase of Greenland" is reached.
Trump stated that recent actions by the aforementioned countries regarding Greenland pose potential risks to global security and stability, and the US believes it is necessary to take strong measures in response. Meanwhile, the European Union will convene an emergency meeting of member state ambassadors in Brussels on the 18th to discuss the situation in Greenland and the latest tariff threats from the US.
Odaily News On January 19th, the cryptocurrency market experienced a decline on Monday morning. Bitcoin fell by 3.79% within an hour, dropping from around $95.5K to $91.9K, and has since recovered to approximately $92.8K. Meanwhile, spot gold and silver opened with a gap up, hitting new all-time highs, while Nasdaq futures fell by 1%. Influenced by former President Trump's tariff threats over Greenland issues this weekend, reports indicate that several EU countries are considering imposing additional tariffs on $93 billion worth of US goods exported to Europe.
Odaily News According to CoinGlass data, the total liquidation amount across the entire network in the past 24 hours was $651 million, with 234,855 individuals liquidated. Among these, long position liquidations amounted to $575 million, while short position liquidations were $75.9543 million. The largest single liquidation order occurred on the Hyperliquid platform for the ETH-USD trading pair, valued at $15.5252 million.
According to data from SoSoValue, the crypto market sectors experienced a full-line correction, with 24-hour declines generally ranging from about 2% to 9%. The GameFi sector led the decline, dropping 8.58% in 24 hours. Within the sector, ImmutableX (IMX) fell 10.76%, while The Sandbox (SAND) and GALA dropped 11.18% and 12.76%, respectively. Additionally, Bitcoin (BTC) fell 2.89%, breaking below $93,000; Ethereum (ETH) fell 3.18%, breaking below $3,200.
In other sectors, the CeFi sector fell 2.71% in 24 hours, with Aster (ASTER) dropping 9.94%; the PayFi sector fell 4.20%, but Dash (DASH) bucked the trend, rising 10.32%; the Layer1 sector fell 4.80%, with Sui (SUI) dropping 11.04%; the DeFi sector fell 5.97%, though Frax (FRAX) rose 31.97%; the Layer2 sector fell 6.70%, while River (RIVER), which had previously seen consecutive significant gains, rose again by 26.40%; the Meme sector fell 7.30%, while MemeCore (M) rose 1.78%.
The crypto sector indices reflecting historical sector performance showed that the ssiNFT, ssiDePIN, and ssiGameFi indices fell by 9.11%, 8.97%, and 8.84%, respectively.
