
{"id":128416,"date":"2026-01-20T09:33:15","date_gmt":"2026-01-20T09:33:15","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=128416"},"modified":"2026-01-20T09:33:15","modified_gmt":"2026-01-20T09:33:15","slug":"why-is-the-bitcoin-price-down-today-january-20th-2026","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=128416","title":{"rendered":"Why is the Bitcoin Price Down Today (January 20th, 2026)"},"content":{"rendered":"<p>Bitcoin\u2019s price dropped by 2.6% in the past 24 hours, reaching a low of around $90,600.<\/p>\n<p>With this, the cryptocurrency has erased all its gains from January 14th and is once again trading at the levels we saw on the 12th, as shown in the chart below.<\/p>\n<p>The price instability stems mostly from expanding international trade uncertainty, as Donald Trump continues applying pressure regarding Greenland.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/01\/BTCUSD_2026-01-20_10-46-36-scaled.png\"><\/a>Source: TradingView<\/p>\n<h2>Crypto Markets Suffer<\/h2>\n<p>First things first, it\u2019s important to note that Bitcoin is far from the only cryptocurrency in the red today.<\/p>\n<p>In fact, out of the top 100 coins by means of total market capitalization, only a handful are trading in the green.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/01\/Screenshot-2026-01-20-at-11.00.40-scaled.png\"><\/a>Source: Quantify Crypto<\/p>\n<p>Ethereum lost 3.5%, XRP is down by almost 3%, SOL declined by 3.7%, TRX by 3.2%, and so forth. The total capitalization is currently $3.16 trillion, with a $109 billion daily trading volume across the board, which is relatively average over the past 3 months.<\/p>\n<p>The market sentiment has returned to \u201cFear (32),\u201d indicative of the indecisiveness and uncertainty that have gripped the crypto industry over the past few months.<\/p>\n<h2>But Why?<\/h2>\n<p>Well, the past 24 hours have been eventful in geopolitics, which seems to be having a direct impact on crypto prices. Bitcoin is widely considered to be a risk-on asset, and investors don\u2019t seem to be feeling too risky right now. This is further evidenced by the rising prices of gold. As we <a href=\"https:\/\/cryptopotato.com\/bitcoin-stumbles-gold-shines-as-trump-agrees-to-davos-meeting\/\">reported<\/a> earlier, gold prices soared to a new all-time high above $4,700\/oz.<\/p>\n<p>Just yesterday, the POTUS <a href=\"https:\/\/x.com\/KobeissiLetter\/status\/2013246726560174205\">issued<\/a> an official White House statement with a threatening tone, suggesting that the US will continue to attempt to establish control over Greenland, an autonomous territory within the Kingdom of Denmark.<\/p>\n<p>\u201cDenmark cannot protect the land [read: Greenland] from Russian or China, and why do they have a \u201cright of ownership\u201d anyway? There are no written documents, it\u2019s only that a boat landed there hundreds of years ago, but we had boats landing there, also. [\u2026] The World is not secure unless we have Complete and Total Control of Greenland.\u201d<\/p>\n<p>China has responded, urging Trump to stop using them as a \u201cpretext to pursue selfish interest,\u201d while the POTUS himself confirmed that NATO Secretary General Mark Rutte will be meeting with him in Davos.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/01\/Screenshot-2026-01-20-at-11.14.39.png\"><\/a>Source: TruthSocial, Donald Trump<\/p>\n<p>So, why the uncertainty? Well, Greenland is part of an official member of the European Union and NATO. The US is downright threatening to take control of the country, and investors are worried of the potential implications this might have on international relationships. The US is also part of NATO, but Trump himself has said that he intends to put US interests \u201cfirst,\u201d saying:<\/p>\n<p>\u201cI have done more for NATO than any other person since its founding, and now, NATO should do something for the United States.\u201d<\/p>\n<p>He literally posted a picture of himself planting the US flag in Greenland:<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/01\/Screenshot-2026-01-20-at-11.21.03.png\"><\/a>Source: TruthSocial, Donald Trump<\/p>\n<p>The French president, Emmanuel Macron, has also <a href=\"https:\/\/x.com\/KobeissiLetter\/status\/2013246726560174205\">reached<\/a> out to Trump, and the uncertainty is more than evident:<\/p>\n<p>\u201cMy friend, we are totally in line on Syria. We can do great things on Iran. I do not understand what you are doing on Greenland\u2026\u201d Macron texted.<\/p>\n<h2>What\u2019s Next?<\/h2>\n<p>The Kobeissi Letter has done a <a href=\"https:\/\/x.com\/KobeissiLetter\/status\/2012608685462220879\">step-by-step breakdown<\/a> of what they think will go down, and so far, it seems to be playing out.<\/p>\n<p>According to the analysts, President Trump should soon start posting that they are working toward a solution with the leaders of the countries that were recently targeted by the tariffs. They believe that there will be expedited discussions regarding a trade deal for Greenland, and once announced, markets will hit a new record high.<\/p>\n<p>They believe that the current tariffs are yet to take effect from February 1st, which indicates that:<\/p>\n<p><span>President Trump\u2019s entire negotiation strategy is centered around timing and pressure. He provides 2-3 weeks of lead time before his tariffs go into effect to allow for a deal to be reached. <\/span><span>Trump\u2019s goal is for these tariffs to NEVER actually go live, he wants a deal.<\/span><\/p>\n<p>Whether or not this comes to fruition remains to be seen, but if one thing is certain is that turbulent times are ahead of us, so plan accordingly.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/why-is-the-bitcoin-price-down-today-january-20th-2026\/\">Why is the Bitcoin Price Down Today (January 20th, 2026)<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s price dropped by 2.6% in the past 24 hours, reaching a low of around $90,600. With this, the cryptocurrency has erased all its gains from January 14th and is once again trading at the levels we saw on the 12th, as shown in the chart below. The price instability stems mostly from expanding international [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":128417,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-128416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/128416"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128416"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/128416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/128417"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}