Bitcoin price drops below $92,000 on Trump Greenland tariff threat as crypto selloff wipes $100 billion
Bitcoin fell as much as 3.6% in Asian trading Monday, dropping below $92,000 after President Trump threatened tariffs on eight European countries over Greenland. The crypto selloff erased about $100 billion in market value, with $790 million in bullish bets liquidated. Ether lost 4.9% and Solana dropped 8.6%. European leaders condemned the tariff threat and considered retaliation.