Bitcoin ETF funds outflow due to Trump's tariff policy changes... Market downturn intensifies

2026-01-23 01:29:44

Source: DecenterKorea Original Title: ‘Greenland Tariff’ Withdrawal Still Leads to Capital Outflows… Bitcoin Weakens [DeCenter Market Overview] Original Link: https://www.decenter.kr/NewsView/2K7EXJ4IKO/GZ03

Although U.S. President Donald Trump withdrew the threatened tariffs against the European Union(EU), a large outflow of funds from Bitcoin exchange-traded funds(ETF) has caused the cryptocurrency market to weaken across the board following the reversal of the president’s stance.

As of 8:30 a.m. on the 23rd, according to CoinMarketCap, a global cryptocurrency market data site, BTC dropped 0.62% from the previous day to $89,328.94. Ethereum(ETH) is trading at $2,947.43, down 2.07%. BNB(BNB) decreased by 0.06% to $886.22, XRP(XRP) fell 1.85% to $1.92, and Solana(SOL) declined 1.51% to $128.30.

The domestic market is on the rise. As of the same time, based on Bithumb, BTC increased by 0.34% from the previous day to 132.86 million won. ETH is up 0.32% at 4.386 million won, XRP has risen 0.28% to 2,854 won, and SOL is trading at 198,000 won, up 0.37%.

Bitcoin recovered to $90,000 after President Trump announced the day before that he would not impose additional tariffs on Europe. As the Greenland situation calms down, the three major U.S. stock markets also closed the night with gains.

However, the cryptocurrency market has turned weak as funds flow out heavily due to the unpredictable moves of President Trump. According to the UK investment platform Pysaid Investor, funds have been continuously flowing out for three consecutive trading days from 11 Bitcoin spot ETFs listed on U.S. stock markets. The total amount of outflows reaches $1.5831 billion(approximately 2.3192 trillion won).

This decline in investor sentiment is also reflected in the fear index. Alternative.me’s Crypto Fear & Greed Index has decreased by 4 points from the previous day to 20 points, indicating an ‘extreme fear’ state. The index approaches 0 when investor sentiment is highly subdued, while it nears 100 during market overheating.

ETH-6,34%

BNB-3,57%

XRP-5,25%

SOL-5,84%

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