It has been another highly eventful week for global politics and also very volatile for the cryptocurrency market, which tends to feel the impact the most.<\/p>\n
It began last weekend. After eight EU countries sent troops to Greenland for a claimed reconnaissance mission following Trump\u2019s continuous remarks that the US needs to annex the island, the POTUS threatened to impose<\/a> a new set of 10% tariffs against those nations as of February 1 if they don\u2019t back down and allow a deal to be made.<\/p>\n The EU scheduled<\/a> an emergency meeting, and some reports even claimed that the bloc would use a \u201ctrade bazooka\u201d that had never been employed before. The situation continued to escalate in the following days, which only harmed BTC\u2019s price. The asset traded above $95,000 during the weekend and remained calm at first.<\/p>\n However, once Asian and futures markets opened on Monday morning, it quickly broke down<\/a> to $92,000 and then under $90,000. It dipped below $88,000 on Wednesday morning before\u00a0rallying to $90,300 after Trump\u00a0said<\/a> during his Davos speech that he wouldn\u2019t<\/span>\u00a0use force to take over Greenland.<\/p>\n Although that was a fake-out as it quickly dumped to a multi-week low of $87,200, the violent swings continued with another challenge at $90,000. This time, it came after Trump canceled<\/a> the tariffs against the EU after hinting at reaching a potential deal. As of press time, there are no actual details about the said deal.<\/p>\n Bitcoin has failed to recapture the $90,000 level and now sits around a grand lower. This means a substantial 6.5% weekly decline, which is relatively modest compared to some alts. ETH, SOL, and LINK are down by 11%, SUI and HYPE have dropped by around 15% each, while XMR has plunged by almost 30%. In contrast, CC, PAXG, and RAIN are well in the green.<\/p>\n <\/a>Cryptocurrency Market Overview Weekly Jan 23. Source: QuantifyCrypto<\/p>\n Market Cap: $3.1T | 24H Vol: $110B | BTC Dominance: 57.5%<\/p>\n BTC: $89,200 (-6.5%) | ETH: $2,930 (-11.3%) | XRP: $1.91 (-7.1%)<\/p>\n Bitcoin Stumbles, Gold Shines as Trump Agrees to Davos Meeting<\/strong>. In times when BTC\u2019s price struggles, gold has skyrocketed<\/a> to consecutive all-time highs. The latest peak came earlier today when the precious metal neared $5,000\/oz for the first time ever.<\/p>\n XRP ETFs See Biggest Outflows to Date as Ripple Price Dumps Again<\/strong>. The first trading day of the week in the US (Tuesday) led to a massive investor exodus from the spot XRP ETFs. The financial vehicles recorded<\/a> their worst single-day performance, with more than $50 million leaving the funds on January 20.<\/p>\n One Year of \u2018Crypto President\u2019: Bitcoin Down 15%, Altcoins Crushed 70-90%<\/strong>. This week also marked the 1-year anniversary of Donald Trump\u2019s second inauguration. In this article, we reviewed<\/a> the performance of many cryptocurrencies during his reign, which is somewhat surprising given that he kept calling himself the \u201ccrypto president.\u201d<\/p>\n Ethereum\u2019s Vitalik Buterin Says He\u2019s Leaving Centralized Social Media Behind in 2026<\/strong>. Ethereum\u2019s Buterin said<\/a> he plans to return entirely to fully decentralized social media in 2026, as all his posts published this year have been made public through Firefly \u2013 a multi-client platform supporting reading across X, Lens, Farcaster, and Bluesky.<\/p>\n Saylor\u2019s Strategy Buys Over $2 Billion Worth of BTC Despite Growing Geopolitical Tension<\/strong>. Despite the growing political tension and the underwhelming price movements, Strategy\u2019s Saylor continues to accumulate BTC. In its latest purchase announced<\/a> on Tuesday, the company said it acquired a whopping 22,305 BTC for over $2.1 billion.<\/p>\n Bitcoin Beats S&P 500 Since ETF Launch, Analyst Rebuts Peter Schiff<\/strong>. Staying true to his colors, Peter Schiff blasted BTC yet again, claiming that the cryptocurrency is the worst-performing asset on Wall Street. However, Nate Geraci proved him wrong<\/a>, showing that bitcoin had gained over 90% since the ETFs debuted two years ago.<\/p>\n The post Bitcoin Price Loses $90K Support Despite Trump\u2019s Softer Greenland Stance: Weekly Crypto Recap<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" It has been another highly eventful week for global politics and also very volatile for the cryptocurrency market, which tends to feel the impact the most. It began last weekend. After eight EU countries sent troops to Greenland for a claimed reconnaissance mission following Trump\u2019s continuous remarks that the US needs to annex the island, […]<\/p>\n","protected":false},"author":0,"featured_media":129453,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-129452","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\/129452"}],"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=129452"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/129452\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/129453"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Market Data<\/h2>\n
This Week\u2019s Crypto Headlines You Can\u2019t Miss<\/h2>\n
![<\/a>Cryptocurrency Market Overview Weekly Jan 23. Source: QuantifyCrypto<\/p>\nMarket Cap: $3.1T | 24H Vol: $110B | BTC Dominance: 57.5%<\/p>\nBTC: $89,200 (-6.5%) | ETH: $2,930 (-11.3%) | XRP: $1.91 (-7.1%)<\/p>\nThis Week\u2019s Crypto Headlines You Can\u2019t Miss<\/h2>\nBitcoin Stumbles, Gold Shines as Trump Agrees to Davos Meeting<\/strong>. In times when BTC\u2019s price struggles, gold has skyrocketed<\/a> to consecutive all-time highs. The latest peak came earlier today when the precious metal neared $5,000\/oz for the first time ever.<\/p>\nXRP ETFs See Biggest Outflows to Date as Ripple Price Dumps Again<\/strong>. The first trading day of the week in the US (Tuesday) led to a massive investor exodus from the spot XRP ETFs. The financial vehicles recorded<\/a> their worst single-day performance, with more than $50 million leaving the funds on January 20.<\/p>\nOne Year of \u2018Crypto President\u2019: Bitcoin Down 15%, Altcoins Crushed 70-90%<\/strong>. This week also marked the 1-year anniversary of Donald Trump\u2019s second inauguration. In this article, we reviewed<\/a> the performance of many cryptocurrencies during his reign, which is somewhat surprising given that he kept calling himself the \u201ccrypto president.\u201d<\/p>\nEthereum\u2019s Vitalik Buterin Says He\u2019s Leaving Centralized Social Media Behind in 2026<\/strong>. Ethereum\u2019s Buterin said<\/a> he plans to return entirely to fully decentralized social media in 2026, as all his posts published this year have been made public through Firefly \u2013 a multi-client platform supporting reading across X, Lens, Farcaster, and Bluesky.<\/p>\nSaylor\u2019s Strategy Buys Over $2 Billion Worth of BTC Despite Growing Geopolitical Tension<\/strong>. Despite the growing political tension and the underwhelming price movements, Strategy\u2019s Saylor continues to accumulate BTC. In its latest purchase announced<\/a> on Tuesday, the company said it acquired a whopping 22,305 BTC for over $2.1 billion.<\/p>\nBitcoin Beats S&P 500 Since ETF Launch, Analyst Rebuts Peter Schiff<\/strong>. Staying true to his colors, Peter Schiff blasted BTC yet again, claiming that the cryptocurrency is the worst-performing asset on Wall Street. However, Nate Geraci proved him wrong<\/a>, showing that bitcoin had gained over 90% since the ETFs debuted two years ago.<\/p>\nThe post Bitcoin Price Loses $90K Support Despite Trump\u2019s Softer Greenland Stance: Weekly Crypto Recap<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"It has been another highly eventful week for global politics and also very volatile for the cryptocurrency market, which tends to feel the impact the most. It began last weekend. After eight EU countries sent troops to Greenland for a claimed reconnaissance mission following Trump\u2019s continuous remarks that the US needs to annex the island, […]<\/p>\n","protected":false},"author":0,"featured_media":129453,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-129452","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\/129452"}],"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=129452"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/129452\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/129453"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/01\/Screenshot-2026-01-23-153741.png\"){kind=link}