The market is concerned about the US European trade war, and Bitcoin has fallen by over 3% in the short term

On January 19th, according to The Block, due to market concerns about a possible trade war between the United States and the European Union, Bitcoin, Ethereum, and the entire cryptocurrency market plummeted in the early hours of the morning. Bitcoin fell below $92000 at one point, with a short-term drop of over 3%. In the past four hours, the amount of long positions liquidated has exceeded $750 million. Presto Research researcher Min Jung stated that the cryptocurrency market remains weak compared to other asset classes, and investors are more inclined to allocate to other risky assets.