Bitcoin fell below $88,000 earlier today, hitting a 19‑day low and its weakest level since January 2, the article said. Across the past few days, more than $250 billion in value was erased as total crypto market capitalization slipped under $3.1 trillion; altcoins such as XMR and HYPE lagged while a few names like CC and WLFI advanced.

Bitcoin’s price fell from $95,500 to $87,500 within about 48 hours and has dropped by more than $10,000 since reaching a multi-month peak of $98,000 in the middle of last week. On-chain data indicates that wallets holding under 0.01 BTC sold around 132 BTC over the past 9 days, while larger “whale” and “shark” wallets with 10‑10,000 BTC accumulated 36,322 BTC, worth roughly $3.2 billion at current prices. Over the same period, gold and silver pushed to new highs, with gold nearing $4,900 per ounce and silver approaching $100.

On Tuesday, U.S. XRP-focused ETFs posted their largest single-day net redemptions, with $53.32 million withdrawn, according to SoSoValue. Cumulative net inflows fell from $1.28 billion to $1.22 billion as XRP, which climbed to just over $2.40 on January 6, slipped under $2.00, hit $1.84 on some venues, and hovered near $1.90.

Bitcoin’s recent rebound has largely reversed, with the price falling under $91,000 and its market capitalization sliding below $1.820 trillion. Major altcoins are also under pressure, as Ethereum trades near $3,100, XRP slips well beneath $2.00, and ICP and XMR record some of the sharpest daily declines.

On Monday morning, Bitcoin fell from almost $93,500 to under $91,000, setting a weekly low, while gold advanced to nearly $4,730/oz. The moves unfolded amid rising tension over Greenland and planned high-level talks in Davos, with Trump citing new outreach to European leaders and plans to meet representatives from multiple countries.

Early Monday, XRP fell below $2.00, touched $1.84, and later hovered near $1.97, marking a decline of over 23% from its January 6 high of $2.41. The move coincided with BTC dropping from above $95,000 to under $92,000. An analyst says XRP must hold $1.9750 to regain upside momentum.

Bitcoin slid to a six-day low below $92,500 as fresh escalation in the US–EU trade dispute rattled markets and coincided with weaker Asian equities and US futures. Over the past 24 hours, around $870 million in crypto positions were liquidated, with nearly $790 million in longs affected and close to 250,000 traders impacted, while gold advanced to another all-time high.

In the first week of the year, XRP jumped from under $1.90 to $2.40 before slipping below $2.10. ChatGPT expects consolidation above $2.00 and beneath $2.30, while Grok warns a close under $2.00 could revisit under $1.90. Perplexity and Gemini see scope to reclaim $2.20–$2.25 and potentially retest the $2.40 peak on January 6.

Several EU states sending troops to Greenland prompted the US president to unveil new tariffs on those countries starting February 1, with a possible hike on June 1. While EU officials called an emergency meeting and US Democrats prepared legislation to counter the measures, Bitcoin's price held steady at just above $95,000 during the weekend. Analysts who reviewed Trump's tariff strategy over 12 months view this as step four in the broader trade confrontation and expect traditional markets to open lower as events unfold. Bitcoin, which previously dropped sharply during the April 2025 trade war, has so far shown greater resilience in the current Greenland-related dispute.