Why Did Bitcoin and Gold React Differently to Trump's Tariff Announcement? - Analysis

On January 17th, President Trump announced a 10% tariff starting February 1st on eight countries including Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland, with a threat to increase it to 25% by June 1st if an agreement on purchasing Greenland is not reached.

Following the announcement, Bitcoin (BTC) fell 3% to around $92,000. Within 24 hours, cryptocurrency positions worth $875 million were liquidated.

This drop is consistent with past patterns. For instance, when a 100% tariff on Chinese products was announced in October 2025, $19 billion in leveraged positions...