Analysis: Market Worries Over US Europe Trade War, Bitcoin Falls Over 3% in Short Term

According to BlockBeats, on January 19th, The Block reported that concerns about a potential trade war between the United States and the European Union will further impact the already fragile market sentiment. Bitcoin, Ethereum, and the entire cryptocurrency market plummeted in the early hours of the morning, with Bitcoin falling below $92000 at one point, a short-term drop of over 3%. In the past four hours, the amount of long positions liquidated has exceeded $750 million. Analysts attribute this sharp decline to market concerns about the prospects of the US European tariff war. Min Jung, a researcher at Presto Research, stated that the cryptocurrency market remains weak compared to other asset classes. Although concerns over the US European trade war have had the greatest impact on market sentiment, other risk assets, including the Korea Composite Index (KOSPI), have remained flat or even risen. This indicates that there are obvious self weakening factors in the cryptocurrency market, and investors are more inclined to allocate other risky assets. Against the backdrop of rising prices in most markets, cryptocurrency assets are still the type that lags behind in performance