Asia Market Update: Bitcoin Stabilizes Near $92K While Stocks Slip Amid Trump’s Tariff Threat Over Greenland

Bitcoin remains steady around the $92,000 mark following a sell-off on Monday caused by rising trade-war fears. President Donald Trump’s proposal to impose tariffs on several European countries unless the U.S. is allowed to acquire Greenland has created ripples in the markets. As a result, many investors are taking a cautious approach amid this backdrop of uncertainty.

Key Takeaways

Bitcoin Value: Bitcoin is trading near $92,360, showing a slight decline of 0.4%.
Market Movement: Asian stocks fell, following negative trends in Nasdaq and S&P 500 futures.
Tariff Concerns: Trump plans a 10% tariff on imports from multiple European nations, which could rise to 25% if no agreements are made.
Cryptocurrency Insights: Analysts suggest Bitcoin may be improving structurally but require a shift in market conditions for a sustained rally.

Bitcoin

Market Overview

Bitcoin held strong near the $92,000 level on Tuesday after experiencing a sell-off the previous day. Market participants are remaining cautious due to fresh trade-war anxieties ignited by President Trump's tariff threat against eight European countries, contingent upon the U.S. gaining the right to purchase Greenland.

As Wall Street's cash markets were closed on Monday for a holiday, there was no opportunity for a regular overnight session to influence market sentiment. Consequently, futures and foreign exchange markets felt the immediate impact.

Current Market Snapshot

Bitcoin: $92,360, down 0.4%
Ether: $3,183, down 0.8%
XRP: $1.96, up 0.2%
Total Crypto Market Cap: $3.21 trillion, down 0.3%

By early trading hours in Asia, both Nasdaq and S&P 500 futures had fallen approximately 1%, as investors reduced their exposure to U.S. risk assets. Asian stocks followed suit, with the MSCI Asia-Pacific index down about 0.44% and Japan's Nikkei index declining by around 0.8%. European markets also showed signs of weakness, with futures indicating a softer, lower opening, as traders analyzed the latest developments on tariffs.

The U.S. dollar faced pressure while Treasury yields increased, with the 10-year yield rising to roughly 4.265%, its highest level in over four months. Investors embraced safe-haven assets like gold, which stayed near its record levels, and the Swiss franc, which attracted new demand.

Bitcoin Price Trend Despite Market Volatility

In the world of cryptocurrency, Bitcoin's price movement appeared more stable than the headlines suggested. The cryptocurrency remained around $92,000 following a price surge the previous week. Analysts from Bitfinex noted that recent fluctuations could be viewed as a leverage reset rather than a complete change in trend.

According to the analysts, Bitcoin displayed initial signs of structural enhancement in 2026 after briefly breaking through the $94,000 to $95,000 resistance zone. They observed that this move led to a significant short position exit, the most considerable occurrence in nearly 100 days.

Bitfinex analysts pointed out that aggressive spot buying contributed to Bitcoin's rebound and that the rate at which long-term holders were distributing their holdings had slowed down, with realized profits dropping to about 12,800 BTC weekly—below previous cycle peaks.

“To facilitate a more sustainable rally, market dynamics need to shift towards a situation where mature supply exceeds long-term holder spending,” they stated. “Such a transition would elevate long-term holder supply, indicating renewed conviction among holders and reduced selling pressure. Historically, this trend was last observed between August 2022 and September 2023, and again from March 2024 to July 2025, both preceding robust recoveries in Bitcoin's market trend.”

Europe Response to U.S. Tariff Proposal

Trump's tariff announcement influenced the overall market sentiment significantly. He indicated that the U.S. would impose an additional 10% import tariff starting February 1 on products from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland, and Britain, with an increase to 25% on June 1 if there is no resolution.

In response, European officials have expressed opposition, considering retaliation measures should the tariffs be enacted. These could include reinstating a suspended €93 billion tariff package and contemplating the EU's Anti-Coercion Instrument, a resource aimed at resolving intense trade disputes.

Attention will now turn to Davos, where Trump is scheduled to meet with global business leaders during the World Economic Forum on Wednesday. This meeting is critical as it keeps trade and policy risks at the forefront for markets that have entered the week with a defensive strategy.