Bitcoin down, gold futures up as Europe threatens 'trade bazooka'

Bitcoin fell 3.6% as gold futures hit record highs after the EU threatened to retaliate against Trump’s tariffs on eight European countries over Greenland.

Bitcoin fell almost $3,500 on Monday as Europe hinted at retaliatory measures against US President Donald Trump, who threatened new trade tariffs unless negotiations could begin over Greenland. 

Bitcoin (BTC) prices have dumped 3.6% in a matter of hours, falling from $95,450 to just below $92,000 on Coinbase in early trading on Monday morning, according to TradingView.

Around $750 million in long positions were liquidated in four hours, bringing total 24-hour liquidations to over $860 million, according to Coinglass. The asset had marginally recovered from its weekly low, trading at $92,580 at the time of writing. 

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