Black Monday strikes again: Is Trump once more the catalyst for a flash crash in the crypto market?

Original｜Odaily Planet Daily Author｜Wenser Upon waking up, the cryptocurrency market once again experienced a "Monday-style flash crash." After Bitcoin (BTC.CC) briefly surpassed $97,000 last week, its weekly close was still above $95,000. However, just as the market anticipated that Bitcoin would drive an overall recovery in the crypto market, a long-awaited "significant pullback" struck again—within just a few hours, Bitcoin plunged below $92,000 and is currently trading around $92,700. Ethereum (ETH.CC) briefly fell below $3,200.

OdailyJan 19 11:19

Trump's tariff remarks trigger sell-off! Cryptocurrency market plunges, with Bitcoin briefly dropping below $92,000.

Following President Trump's announcement of new tariffs on eight European countries, cryptocurrency prices plummeted as risk assets weakened and demand for safe-haven assets increased. During the early Asian trading session on Monday, Bitcoin dropped by as much as 3.6%, falling below $92,000, with other tokens experiencing even larger declines.

FX168Jan 19 11:09

Express News | Steak'n Shake purchased $10 million worth of Bitcoin, advancing its corporate-level BTC treasury strategy.

BreakingsJan 19 10:44

Express News | Tom Lee: Bitcoin is expected to reach a new all-time high this year, and Ethereum will outperform Bitcoin.

BreakingsJan 19 10:38

Renowned strategist abandons Bitcoin, citing 'concerns over the rapid advent of quantum computing.'

Christopher Wood, Global Head of Equity Strategy at Jefferies, liquidated a 10% Bitcoin position in his portfolio model and reallocated it to 5% physical gold and 5% gold mining stocks. He explained that he is concerned that breakthroughs in quantum computing may occur within the next few years, which could theoretically crack Bitcoin's encryption algorithm and undermine its foundation.

wallstreetcnJan 17 10:30

Will Trump take military action against Iran? How will this affect Bitcoin?

As of mid-January 2026, the situation facing the market was not an announced war plan but a rapidly escalating cycle of tension, deliberately kept ambiguous in official statements. The United States had begun withdrawing or advising the withdrawal of some personnel from key areas in the Middle East, including the Al Udeid Air Base in Qatar. According to the Financial Times, the base houses approximately 10,000 U.S. military personnel. Reuters also reported that, with regional tensions rising and Iranian officials warning of retaliation against neighboring countries hosting U.S. troops if the U.S. launches an attack, Washington has taken precautionary measures.

PANewsJan 16 18:50