2026-01-21 00:21:22

Recently, the geopolitical situation has heated up again. Trump has continuously increased tariffs pressure on Europe and taken a tough stance on the Greenland issue, which directly triggered market concerns about the expansion of US-EU trade frictions.

Panic sentiment quickly spread to the crypto market. Last night’s market data showed that Bitcoin was under pressure and declined, breaking the key psychological level of USD, with a low of 88430 USD; Ethereum also suffered a heavy blow, hitting a low of 2920 USD, currently trading at 2943 USD. The entire crypto market was bloodied, with a market cap evaporating by 4.6% in one day, falling to 3.072 trillion USD.

Among them, altcoins became the hardest hit. ROSE led the decline, down 17.5% in 24 hours to 0.0165 USD; a certain lifestyle token followed closely, down 19.3% to 0.172 USD; PHB fell 13.6% to 0.0038 USD; MORPHO dropped 11.02% to 1.145 USD; STO fell 10.98% to 0.0877 USD. The declines of these small-cap coins generally exceeded twice those of mainstream coins.

Risk sentiment spilled over into traditional finance. The three major US stock indices all plunged last night, with the S&P 500 dropping 2.06%, marking the largest single-day decline since October last year; the Dow Jones Industrial Average fell 1.76%; the Nasdaq declined 2.39%. Crypto-related stocks also did not escape, with a leading exchange concept stock plunging 7.76%, Coinbase (COIN) down 5.57%, Circle (CR), and others also experienced significant declines. The linkage effect between macro risks and crypto assets has once again become evident.

BTC-2,02%

ETH-4,43%

PHB-1,1%

MORPHO-3,86%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
6
Repost
Share

Comment

0/400

potentially_notable

· 3h ago

Once again, macro factors are used to harvest profits; altcoins are suffering the worst. --- Trump is really causing trouble; now even the coins are crashing together. --- Is 88430 the bottom? It feels like there's still room to explore further. --- ROSE dropped 17.5%, small coins were crushed, while mainstream coins only fell by this amount. --- The US stock market has fallen so much; it's normal for cryptocurrencies to follow suit. But how long will this correction last? --- Coinbase has already dropped 5.57%, institutions are also fleeing. --- Geopolitics + trade wars—this combination is truly deadly. --- A twofold decline in altcoins is within expectations; risk premiums are fading. --- How much longer will this panic last? It feels like there’s still room for further decline.

View OriginalReply0

OnchainUndercover

· 9h ago

Altcoins are being beaten again, this time a real bloodbath, with kills multiple times more brutal With a single move by Trump, the whole world has to tremble, retail investors suffer It's another macro risk explosion, and it feels like the bottom hasn't been reached yet Coinbase drops more than 5 points, exchange concept stocks can't hold up either Can the $88,430 level hold? It feels like it still needs to test the bottom Altcoins drop double digits in a splash, better to play it safe and hold BTC As US-EU trade tensions heat up, cryptocurrencies suffer again; this tethering is really tight The S&P 500 plunges by 2%, traditional finance isn't having a good day either This time it's clearly systemic risk, not just a crypto market issue ROSE drops 17 points, at this level, it was time to run away

View OriginalReply0

AirdropNinja

· 9h ago

Another round of bloodbath, altcoins are really dying the fastest Whenever Trump causes a stir, the whole world has to jump into the water This drop is quite fierce, BTC directly broke 88K Small coins have doubled in decline, I feel sorry for my ROSE When macro moves, crypto gets affected, it's truly heartbreaking Mainstream coins are like this, what hope do small coins have left 2 trillion market cap gone, in just one night That's why I only dare to leave it untouched, chasing lows makes me really timid

View OriginalReply0

SerumSqueezer

· 9h ago

Here we go again. Every time geopolitical tensions flare up, the crypto world gets dragged down. Altcoins are getting crushed—this is the consequence of leveraged longs. When Trump speaks, the whole world has to tremble... BTC dropping below 88k is pretty harsh, but in such times, it's actually a good idea to look for bottoming opportunities. Small-cap coins are losing twice as much, which is why I only stick to Bitcoin and Ethereum. Once traditional finance collapses, crypto can't escape either; there's no way to hide. This rhythm feels just like October last year... history always repeats itself. Did the Greenland incident escalate that much? It really treats the crypto market as an international barometer. A 4.6% daily market cap evaporation—meaning those all-in friends will probably leverage up again to buy the dip, haha.

View OriginalReply0

LiquidityNinja

· 10h ago

It's the same old story. When macro shocks hit, everything collapses. Altcoins have truly become harvesters for the leek farmers. ROSE drops 17.5%, hilarious. This is the result of leveraged longs. Trump plays tariffs, and we just have to take the hit. Such is the big picture. BTC has broken 8.8K, is there anyone still buying the dip? I wouldn't dare. Mainstream coins only drop this much, while small-cap coins are cut in half. Serves you right for all-in on trash coins. When the US stock market drops over 2%, this is what happens. This is the power of macro anchoring points—you can't escape. Coinbase drops 5.57%. Traditional finance and crypto are now linked; there's no turning back.

View OriginalReply0

GateUser-75ee51e7

· 10h ago

It's another political move to dump the market, always the same Altcoins are directly halved, my ROSE is gone BTC has broken 88K, do I really need to liquidate everything this time? Trump's hand is unbeatable, cryptocurrencies are following the US stocks to the grave Where is the bottom? Feels like it still has to fall further Mainstream coins can't even hold up, let alone small coins This wave down, another batch of retail investors will be cut loose again

View OriginalReply0