Bitcoin (BTC) and gold moved in opposite directions as tensions over tariffs escalated between US President Donald Trump and the European Union. While the precious metal rallied to fresh record highs amid rising geopolitical uncertainty, the leading digital cryptocurrency slipped. This contrasting move mirrors past patterns observed in October and has reignited debate over what could come next for both assets. US–EU Trade Tensions Rise After Trump’s Latest Tariff Move On January 17, 2026, President Trump announced a 10% tariff on Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland, effective February 1
source: https://beincrypto.com/gold-record-bitcoin-plunge-trump-eu-tariffs/