Crypto prices today (Jan. 19): BTC, LINK, SUI, HBAR dip amid EU tariff concerns

Crypto prices today declined sharply as investors reacted to geopolitical tensions and ongoing regulatory uncertainty.

The total crypto market capitalization fell about 3% to roughly $3.2 trillion. At press time, Bitcoin was trading near $92,548, down 2.7% over the last 24 hours.

Altcoins experienced larger losses. Chainlink dropped 7% to $12.74, Sui fell 12% to $1.56, and Hedera Hashgraph declined 7% to $0.109.

Market mood has taken a noticeable turn. The Crypto Fear & Greed Index slid five points to 44, edging sentiment out of neutral territory and closer to fear, a shift that reflects growing unease across digital asset markets.

Stress was evident in the derivatives data. CoinGlass data show total crypto liquidations jumping 726% to roughly $870 million, while open interest dipped modestly to $137 billion.

At the same time, the average relative strength index across major tokens has fallen to 35, placing the broader market firmly in a “weak” momentum zone.

EU tariff concerns weigh down on crypto market

The pullback has been driven less by crypto-specific developments and more by macro and geopolitical pressures. President Trump’s announcement of new 10% tariffs on several European countries, along with the possibility of increases to 25% if talks break down, sparked a broad risk-off reaction.

Capital rotated quickly toward traditional safe havens such as gold, while equities and digital assets came under sudden selling pressure. More than $500 million in long positions were wiped out in a short period, triggering a cascade of forced liquidations as leverage unwound.

Policy uncertainty added another degree of caution. Following reports that Coinbase had withdrawn its support, citing concerns about stablecoin yields and the treatment of decentralized finance, the U.S. Senate’s CLARITY Act stalled.

Institutional appetite seemed to be curbed by that development, especially since profit-taking was already in progress. Thin weekend liquidity further magnified price swings, especially following Bitcoin’s recent run above $95,000.

Short-term outlook and analyst views

The outlook for the near future is still balanced but has a slight downward tilt. Although a deeper decline toward $88,000–$90,000 cannot be ruled out if selling picks up speed, Bitcoin is finding initial support in the $90,600–$92,000 range. 

Resistance on the upside is located between $93,800 and $95,000, with further obstacles between $97,000 and $98,000. To reopen the path toward the psychologically significant $100,000 level, momentum would need to be sustained.

In the coming days, most analysts expect a range-bound consolidation between $91,000 and $94,000. 

The odds on Polymarket that Bitcoin will reach $100,000 in January have dropped to roughly 25%, suggesting less intense short-term speculation. However, long-term projections continue to be positive.

CoinCodex predicts an increase to roughly $103,000 by mid-February, while Grayscale anticipates new bullish pressure in H1 2026 as macro demand, regulatory clarity, and exchange-traded fund inflows drive BTC valuations higher.