President Trump announced that starting February 1st, tariffs will be imposed on eight European countries, and Denmark will be asked to sell Greenland. The tariffs will gradually increase from 10% to 25% by June until an agreement is reached. This move triggered an emergency meeting of the European Union and was unanimously condemned by European leaders. They stated that these threats are "completely wrong" and warned that they would damage transatlantic relations. Due to geopolitical tensions and a Bitcoin liquidation event worth $19 billion triggered by the October 2025 tariff shock, Bitcoin faces a new wave of volatility.