Bitcoin drops 5% to $92,000 on January 20, 2026, due to US-EU tariff fears.
- Bitcoin price falls 5% due to US-EU trade tensions.
- $790 million liquidations from $97,000 to $92,000.
- Trade tensions prompt panic selling and price volatility.
Bitcoin’s price fell by about 5-6% on January 20, 2026, dropping from $97,000 to below $92,000 due to technical breakdowns and U.S.-EU tariff tensions.
The price drop highlighted market vulnerability to macroeconomic factors, triggering significant liquidations, and raising concerns about potential deeper corrections if bearish trends continue.
On January 20, 2026, Bitcoin’s price fell approximately 5% to below $92,000 following US-EU trade tensions.
The drop is linked to “tariff shock” from President Trump’s threats, impacting market sentiment and causing liquidations.
Bitcoin’s 5% Drop Hits $92,000 Mark
Bitcoin’s price experienced a notable decline on January 20, 2026, triggered by a breach of the $95,000 support level. This event was amplified by leveraged trading and technical breakdowns, leading to substantial liquidations.
The decline was triggered by US-EU trade tensions, with President Trump’s tariff threats creating market uncertainty. This resulted in $790 million wiped out in liquidations across major exchanges.
Altcoins and High-Beta Assets Feel the Pressure
The immediate effect was a ripple through the crypto market, with steep losses in altcoins and high-beta assets. The macroeconomic impact includes increased market volatility and risk aversion.
On a financial level, this event highlighted the vulnerability of leveraged positions and the potential for panic selling, echoing through both traditional and crypto markets.
Expert Warns of 33-37% Further Decline
Past occurrences show that breached support levels often result in panic-induced volatility. Historical data indicates that support around $91,500-$92,000 has been a significant test point. Bitcoin’s resilience remains a question.
Experts, like Peter Brandt, forecast further downside potential if resistance levels remain unbroken. Specifically, a 33-37% drop could ensue if current market pressures persist.
Peter Brandt, Veteran Trader, forecasts: “a potential drop of 33% to 37%, identifying $102,300 resistance and $58,000-$62,000 targets if bearish.” source
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