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Crypto Market Declines Amid Trump Tariff Instability; $Trove Plummets 90%
The cryptocurrency market is down as Bitcoin and Ethereum decline, with $Trove plunging 90% amid tariff-related unrest linked to Trump.
Mercation Admin
January 20, 2026 1 min read
The cryptocurrency market is experiencing a downturn in response to the recent tariff instability linked to Trump, with Bitcoin down 2% at $91,100, Ethereum falling 4% to $3,105, Solana decreasing by 3% to $129, and XRP dropping 2% to $1.93. Meanwhile, CC surged by 12%, MYX rose by 5%, and SYRUP increased by 4%, leading the top gainers. The New York Stock Exchange is gearing up for round-the-clock trading of tokenized stocks and ETFs. Steak ’n Shake disclosed approximately $10 million in Bitcoin investments along with plans to establish a corporate strategic reserve for BTC. Vitalik Buterin has advocated for enhanced governance models for DAOs to foster better accountability, coordination, and long-term viability. Bermuda has announced intentions to develop a fully on-chain national economy, collaborating with Coinbase and Circle on payments, identity verification, and tokenized financial systems. In the realm of Corporate Treasuries and ETFs, Bitcoin ETFs recorded $394 million in net outflows on Friday, breaking a four-day streak of inflows, while Ethereum ETFs continued to perform well with $4.7 million in inflows. In the meme sector, major coins also saw declines; Dogecoin fell 1%, Shiba Inu dropped 1%, PEPE decreased by 2%, TRUMP declined by 1%, Bonk fell by 1%, Pengu dropped 4%, and SPX decreased by 12%, while WIF fell by 1% and Fartcoin saw an 8% drop. On the other hand, USOR surged by 70%, GSD rose by 50%, and Eliza Town skyrocketed by 800%, leading the on-chain movers.