Tariff Threats Reemerge in Europe and the US, Crypto Market Experiences "Flash Crash" on Monday Morning
BlockBeats News, January 19 — The cryptocurrency market experienced a "flash crash" on Monday morning. Bitcoin dropped as much as 3.79% within an hour, with its price plunging from around $95,500 to $91,900, before recovering to around $92,800.
Meanwhile, gold and silver surged sharply, while stock index futures fell by 1%:
At Monday's opening, spot gold and silver both gapped up to new all-time highs, while Nasdaq futures fell by 1%. Over the weekend, Trump issued tariff threats regarding Greenland, a Danish autonomous territory. Reports indicate that several EU countries are considering imposing tariffs on US-bound goods worth 93 billion euros.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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