Bitcoin has slumped since Monday amid renewed tariff tensions, trading around $92,000 on major exchanges as volatility spikes. The coin had traded near $95,000 earlier, briefly dropping to about $91,000 within a couple of hours. The move comes after President Donald Trump announced plans to impose tariffs on eight European countries opposing the United States’ Greenland merger, triggering a fresh risk-off stance in crypto markets.
In addition to price moves, on-chain activity contracted sharply, with CoinGecko showing a substantial year-over-year decline in the daily transaction value across Korea’s five major digital-asset exchanges. The combined volume was about 3.46 trillion won as of the 18th, down from roughly 17.4 trillion won a year earlier. January volumes last year surged to around 20 trillion won on the 20th, whereas this year most days stayed below 5 trillion won, averaging about 3.2 trillion won in January.
This year, the five major exchanges—Upbit, Bithumb, Coinone, Cobbit, and GoFax—also reported that most days remained under 5 trillion won. The January average near 3.2183 trillion won highlights a pronounced slowdown in domestic trading activity alongside price volatility.
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