Cryptocurrency Markets Face Uncertainty Amid Global Tensions
Global tensions, particularly U.S. pressure on Greenland and Macron's remarks about a 'world without rules,' are driving volatility in cryptocurrency markets. January 20 marked a challenging day for digital assets as geopolitical risks overshadowed sentiment.
France's Macron has openly opposed U.S. policies, signaling prolonged tension over Greenland. This geopolitical friction is reshaping financial markets, with Japan experiencing bond sell-offs and the U.S. dollar weakening. Treasury yields surged, with the 10-year at 4.29% and the 30-year at 4.94%—levels not seen since early September.
Prediction markets assign a 37% chance of U.S. tariffs on the EU by February 1 due to the Greenland dispute. Cryptocurrencies, often seen as hedges against macro instability, remain caught in the crossfire of these developments.
