So far, BTC has remained stationary.
The conflict over Greenland continues as many European Union countries have sent military personnel to the island as part of a so-called reconnaissance mission.
US President Donald Trump, who continues to claim that his country must control the island, has just announced a new series of tariffs against all countries that have sent troops.
In a post on his social media platform TruthSocial, the POTUS said the tariffs would affect Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland.
Initially, the tax will be 10% on all goods sent to the United States starting February 1, 2026. However, if there is no agreement to acquire Greenland by June 1, the tariff will increase to 25%.
BREAKING: President Trump announces 10% tariffs on Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland starting February 1.
This rate will be increased to 25% from June 1st.
The tariffs will remain in effect until the United States reaches an agreement to purchase… pic.twitter.com/978qAHjxao
– Kobeissi Letter (@KobeissiLetter) January 17, 2026
In his statement, Trump emphasized that a deal means a “complete and total purchase of Greenland,” which he said is essential to his country’s national security.
In a separate article on X, Kobeissi Letter analysts estimated that these new tariffs would impact annual bilateral trade worth $1.2 trillion. They also claimed that the potential acquisition of Greenland would cost the United States approximately $700 billion.
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They warned that the US-EU trade war, which began last year shortly after Trump’s inauguration, has simply “reached a whole new level” as it is clear that Greenland has become POTUS’ “primary strategic objective.”
Recall that BTC price was among the worst performing assets last year when Trump announced the first wave of tariffs against countless countries. It went from its ATH of $110,000 to less than $75,000 in the span of just a few months.
Trump’s announcement earlier today has yet to hurt Bitcoin’s price performance. The cryptocurrency is trading above $95,000, showing little to no movement over the past 24 hours.
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