Major cryptocurrencies remained under pressure on Monday as escalating tariff threats from US President Donald Trump weighed on global risk sentiment, extending a multi-day downturn across digital assets. Bitcoin, Ethereum and Ripple all struggled to regain momentum, with the broader crypto market shedding about 2% of its total capitalisation over the past 24 hours. Total market value stood at roughly $3.23 trillion at the time of writing, reflecting continued caution among traders as geopolitical and macroeconomic uncertainties mount. Bitcoin slipped below the $95,000 level late last week and has since failed to mount a sustained recovery. On Monday, it fell to an intraday low of $91,910 before stabilising. The price action has remained largely range-bound, with traders closely watching two key exponential moving averages on the daily chart: $95,889 and $92,412. The $93,000 area has emerged as an important near-term resistance level. Bitcoin has traded almost flat over the past 24 hours, signalling indecision as buyers and sellers await a clearer direction. Traders brace for volatility Market participants warned that volatility could increase as the week progresses. Trader CrypNuevo said broader market uncertainty is likely to drive further choppy price action. “Get ready for a volatile week ahead!” CrypNuevo wrote in an analysis thread on X. CrypNuevo 🔨 @CrypNuevo · Follow $BTC Sunday update:Get ready for a volatile week ahead!• US-EU tariff war over Greenland• Supreme Court rule decision over Trump’s tariffsA lot of uncertainty that will be met with volatility, likely with downside pressure. Bank Holiday in the US on Monday.🧵↓(1/7) 12:10 am · 19 Jan 2026 550 Reply Copy link Read 31 replies He said the US Martin Luther King Jr. holiday meant that the full reaction from traditional markets would only be felt once Wall Street reopens on Tuesday, potentially amplifying moves in crypto. “Markets don’t like uncertainty, but markets like when the uncertainty disappears,” CrypNuevo said. “So I’m leaning to some downside pressure pushing price back inside the range and potentially trading into the range lows, before any real reversal.” Key downside levels highlighted by traders include the 2026 yearly open near $87,000 and the lower end of the broader trading range around $80,500. Trader Daan Crypto Trades also flagged technical damage, warning that Bitcoin has lost a critical breakout level. “It is essential for the bulls to hold this breakout after 2 months of sideways price action,” he wrote on X, referring to the 2025 yearly open around $93,500. “If price falls back down below $93K–$94K, then this was just a liquidity grab in a larger down trend.” For now, traders say the near-term outlook hinges on whether Bitcoin can hold above key support levels. While sentiment has deteriorated since early November, technical analysts note that as long as the November lows remain intact, a broader bullish structure could still be preserved. Tariffs and macro data loom large The latest crypto selloff follows renewed tariff threats from President Trump, who said he would impose additional duties on European countries opposing his efforts to acquire Greenland. The prospect of a broader trade dispute between the US and the European Union has pushed investors toward a risk-off stance, weighing on assets such as cryptocurrencies. Beyond tariffs, traders are also focused on a heavy macroeconomic calendar. Delayed US data releases are due later this week, including the Personal Consumption Expenditures index for November, the Federal Reserve’s preferred inflation gauge, scheduled for Thursday. Initial jobless claims and the first revision of third-quarter GDP data are also on the agenda. Even without the tariff shock, the macro backdrop remains conflicted. A strong start to 2026 for US equities has coincided with unprecedented tension between the Federal Reserve and the White House over monetary policy, as well as ongoing geopolitical uncertainty in the Middle East. Bitcoin’s attempt to reclaim $100,000 stalled last week, and while the $90,000 level has not yet been decisively broken, the recovery appears to have paused. Ether has shown a similar pattern, with both assets still holding above their November lows but lacking fresh upside catalysts. Regulatory developments in the US are also in focus. Progress on the CLARITY Act, a proposed framework for digital asset market structure, has slowed as lawmakers seek compromises on key provisions. Coinbase has said it continues to work with the administration, but the environment in Washington is becoming increasingly strained. Crypto firms that once positioned themselves as alternatives to traditional financial systems are now navigating closer engagement with government institutions, as they seek oversight rules that preserve the sector’s distinctiveness while allowing broader adoption. The post Bitcoin under pressure as traders weigh $90K risk versus $100K recovery appeared first on Invezz