European and American tariff threats reappear, causing a "flash crash" in the crypto market on Monday morning

BlockBeats News, January 19 — The cryptocurrency market experienced a "flash crash" early Monday morning, with Bitcoin dropping as much as 3.79% within one hour. The price fell from around $95,500 to a low of $91,900, and has now recovered to around $92,800.

Meanwhile, gold and silver surged significantly, and stock index futures fell by 1%:

At the market open on Monday, spot gold and silver jumped sharply, hitting new all-time highs, while Nasdaq futures declined by 1%. Over the weekend, Trump issued a tariff threat regarding Denmark's autonomous territory of Greenland, and reports indicate that multiple EU countries are considering imposing tariffs on European exports worth €93 billion.