Bitcoin is trading around $92,000 as new tariff tensions between the US and EU weigh on crypto markets

Bitcoin fell to the $92,000 level while Ethereum moved closer to $3,200 on Monday as global risk sentiment weakened, putting pressure on the broader cryptocurrency market. The drop came after new tariff threats reignited tensions between the U.S. and the European Union, raising concerns about a possible trade dispute. The cryptocurrency and Ethereum traded at $92,652 and $3,214 respectively.In the past 24 hours, Bitcoin and Ethereum are down 2.52% and 2.96% respectively. Among the major altcoins, BNB,

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Riya Sehgal, research analyst at Delta Exchange said the decline followed escalating tensions between the US and EU after new tariff threats reignited fears of a trade conflict, adding to an already cautious environment shaped by delays in the US crypto market structure law, which cooled institutional inflows and dropped the crypto market’s total market capitalization to around $3.13 trillion.

According to CoinMarketCap, the global crypto market capitalization fell 2.77% to $3.13 trillion.

Ethereum and Bitcoin rose 1.72% and 0.56% respectively last week. During the same period, major altcoins such as BNB and Tron rose by 2% and 7.11% respectively, while others such as XRP, Solana, Dogecoin, Cardano and Hyperliquid fell by more than 9%.

Nischal Shetty, founder of WazirX, said the crypto market has reflected a marked shift in global risk sentiment over the past 24 hours, driven by rising macro uncertainty and renewed trade-related tensions. Bitcoin and major altcoins faced selling pressure as traders reduced their exposure amid increased uncertainty.

Shetty further said that overall, crypto markets are likely to remain choppy in the near term, with price action closely linked to global macro developments and shifts in risk appetite.

Market perspective

CoinSwitch Markets Desk: BTC traded mainly sideways between $94.5K and $96K, reflecting consolidation over the weekend following recent volatility, before breaking below $93K as markets reacted to renewed concerns over the US-EU trade war.Also read | Quant Mutual Fund announces the appointment of Mahendra Jajoo as a full-time director on the AMC board

CoinDCX Research Team: Nearly $780 million in long positions have been liquidated in the last 24 hours, with the largest recorded liquidation being Bitcoin’s of over $25 million on Hyperliquid. On the other hand, Ethereum is showing tremendous strength with growth in new addresses, strikes and transactions per day.

Akshat Siddhant, Chief Quantitative Analyst, Mudrex: Bitcoin ETFs recorded strong inflows of over $1.42 billion, stabilizing prices around the $92,000 level. Further support comes from the strategy pointing to continued accumulation.

Vikrama Subburaj, CEO, Giottus: Avoid overleveraging positions, prioritize liquid majors like BTC and ETH, and diversify entries rather than chasing short-term moves. Patience and disciplined risk management remain essential in a macro-driven environment.

(Disclaimer: The recommendations, suggestions, views and opinions of experts are their own. These do not represent the views of The Economic Times.)