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Trump Tariffs Prompt Market Shifts; NYSE to Launch 24/7 Token Trading
Cryptocurrency markets react to Trump's tariffs; NYSE plans 24/7 token trading and Bitcoin ETFs see significant outflows.
Mercation Admin
January 20, 2026 1 min read
The cryptocurrency market is feeling the effects of recent tariff decisions made by former President Trump, with major coins like Bitcoin dropping 2% to $91,100 and Ethereum sliding 4% to $3,105. Solana also saw a decrease, falling 3% to $129. Conversely, some altcoins performed well, with CC increasing by 12%, MYX by 5%, and SYRUP by 4%.
In a significant development, the New York Stock Exchange (NYSE) has announced plans to enable continuous trading of tokenized stocks and exchange-traded funds (ETFs). Meanwhile, Steak ’n Shake revealed it has about $10 million invested in Bitcoin and is establishing a strategic reserve for the cryptocurrency.
Ethereum has continued to attract interest, with its ETFs seeing inflows of $4.7 million despite Bitcoin ETFs suffering a significant net outflow of $394 million on Friday, breaking a four-day trend of inflows.
In the meme coin arena, major tokens experienced declines, including Dogecoin and Shiba Inu, both down 1%. Other notable drops included PEPE down 2% and SPX down 12%.
On a more positive note, several lesser-known tokens surged, with USOR increasing by 70%, GSD by 50%, and Eliza Town skyrocketing 800%. Additionally, Vitalik Buterin has called for improved governance structures within decentralized autonomous organizations (DAOs) to boost their long-term viability. Bermuda is also moving forward with plans to create a fully on-chain national economy in partnership with Coinbase and Circle, aiming to enhance payment systems and identity verification.



