The trends of the Bitcoin market took a sharp downturn on Monday when investors started to sell off their riskier assets due to the imposition of new tariffs by U.S. President Donald Trump. The price of Bitcoin today experienced a dip of up to 3.6% to drop down to below $92,000 during the early hours of trading, which caused a move to sell off more of the digital assets while the safe havens gained. Ether, in the meantime, also faced a drop of 4.9% and Solana, 8.6%, according to the market data, whereas the crypto market as a whole was close to $100 billion less in value based on the figures from CoinGeckoThe old-time volatility made its comeback after Trump, on the one hand, was separating the main issue between the U.S. and the E.U. by imposing a 10% tariff on eight European countries’ goods starting on Feb. 1, which will increase to 25% in June unless negotiations over the so-called “purchase of Greenland” get positive and smooth ensuing the protracted issues on the continent. The announcement caused the U.S. equity-index futures to fall at the open of the week, while gold and silver prices rallied to record high levels, taking part in a quick move towards defensive positioning. The European leaders were very assertive in their opposition and indicated that there might be a further delay in the ratification of the trade agreement signed last year, which added to the uncertainty in the global markets.Historically, Bitcoin market trends have reacted to macro risk factors such as the tightening of currency flows and rising volatility across equities and commodities. The same old scenario was repeated as the traders took quick actions, leveraged positions were unwound, and liquidity was thinned out on the major exchanges.The Bitcoin price today was a clear reflection of the broader retreat from speculative assets as institutional traders re-balanced their portfolios. The liquidation has had a massive impact on total crypto value, which has dropped by around $100 billion, while derivatives markets reported heavy liquidations.The data from CoinGlass indicated that approximately $790 million in bullish positions were liquidated in the last 24 hours due to the swift momentum shift in prices. Richard Galvin, a hedge fund DACM co-founder, stated that the previous rally was an upward correction from oversold levels caused by tax-loss selling and year-end liquidation. He further explained that the tariff shock disrupted that recovery phase, while gold setting new records was an indication of a general risk-off move rather than a crypto-specific collapse. Among various crypto assets, Solana was the least performing one, as the high-risk tokens were subject to even deeper selling pressure. Ether was very closely following Bitcoin but remained prone to macro-driven movements. The short-term sentiment is still cautious as traders are waiting for better trade negotiations and possible policy responses to be clear.Analysts are still tracking institutional demand as potential downside support, even though there was a sharp pullback. Bitcoin skyrocketed to nearly $98,000 on January 14th as a result of great inflows into funds traded on US exchanges.